Factors to Consider When Pricing Your Home

Physical characteristics of the house:

• Location
• Age
• Size of house and lot
• Physical condition
• Architectural style and floor plan

Competition:

• Number of properties available
• Their prices and terms
• Their location and physical condition
• How long they’ve been on the market

Market conditions:

• Interest rates
• Availability of financing
• Qualified buyer demand
• Prices of recent sales
• State of the economy
• Seasonal demand

Other factors:

• Seller’s motivation to sell
• Seller’s original purchase price
• Seller’s need for cash
• Opinions of others