How to Price Property is Seller's Top Challenge

The challenge for sellers in today’s market is how to price the property because they cannot expect to get the price that they might have gotten a year ago. According to The Washington Times, the author cites that pricing is the key for selling and there are only a few ways to price a home for sale. Sellers need to use the accepted modes of pricing. The first model is probably the most popular, the comparable. And another way to price your home is to come up with a tax assessment model. This one takes a little bit more homework and data mining. The author reminds that if your agent provides feedback from colleagues that your house is overpriced, move from denial into acceptance and price the house right. Seller should remember, the goal here is not to price the property as high as possible, but to sell the house. [M. Anthony Carr, The Washington Times, March 17, 2006]