5 major factors that determine price
Terms, Timing, Competition, Location, Condition and Timing.
Competition and location cannot be directly controlled, but price, condition and terms can be carefully evaluated and structured to suit your needs.
Factors that determine selling price
1. Comparables
Selling prices should be determined on sold rather than unsold comparables!
2. Sector
Past selling prices in your area.
3. For sale
Current listing prices in your area.
4. Market
Current market conditions.
The 2020 real estate market and its 2021 outlook
5. Buyers
Buyer's reactions and attitudes.
3 essential purchasing criteria in 2021
"Overpriced properties help those that are priced right to sell."
Establishing your asking price
