Mistakes to avoid when setting a home price

Valuing a home can be easy with the naked eye.  However, there are a number of emotional nuances that deviate from good judgment. If you are thinking of getting your house to market, notice some of the mistakes you should not commit.

Living in the past

It is perfectly normal to want to make a profit when selling a home, but you cannot lose sight of the current market situation. If you bought the house in full boom, you have to assume that you will not sell over the price you bought, but much below, depending on where the house is located and its qualities.

Plans for the future

Another reason that causes an inadequate price is the owner's own needs. In addition to debts that are thought to settle with what is earned, it is also common to set a price based on the cost of the new home that is wanted to acquire. 

Sentimental value

The subjective factor is one of the great obstacles when it comes to putting a sale price. It is very probable that, after having lived several years in a house, it will be given a value that is far above reality. 

 "Neighbor" effect

You may have heard that a neighbor of the building where the house you want to sell is located has managed to close the operation for an equal price and you want to match it or even exceed it. Although the houses are on the same farm, the height and orientation are differentiating factors, as well as the reforms that could have done that neighbor with luck.

 Professional help

The abundant information available gives the false impression that anyone will be able to price down a home without mistake. Disregarding, as a rule, the ability of brokers leaves you alone in the difficult task of estimating a valuation adjusted to the times in question, but also of defending it during the negotiation.

By:  Shailaja K