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