How to Price Your Property?

A house properly priced is half sold.
But there are plenty of ways to price it improperly..

* You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time..

On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale.).

* You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you..

* You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay..

So how do you price your house?.
By putting yourself in a buyer's shoes..
What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?.

Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis. .

And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?.

Ajay Pats is a professional manager.He manages real estate broking site "Real estate broker"(http://realestatebroker.nexuswebs.net/realestatebroker/index.html ),community for home based business entrepreneurs "Venturecon/Home business opportunities" (http://groups.msn.com/venturecon ) and inspirational ezine "Discover secrets of happy and prosperous life " (http://www.topica.com/lists/venturemall ).

The Virginian-Pilot

Changing times in real estate The Desert Sun Kevin Stern of Desert Star Real Estate has his own small firm. “Some people need the structure of a large corporation, an office to go to every day, social atmosphere, whereas I work from my home,” he said. / Omar Ornelas, The Desert Sun Of nearly 3600 ... Future of Real Estate Market Hard to PredictPatch.com In real estate stories, a market for distrustSarasota Herald-Tribune Herbert Edwards Sr., real estate agentPhiladelphia Inquirer The Virginian-Pilot -Muncie Star Press all 3 news articles »

State Real Estate Drop The Worst On Record Patch.com By Chris Dehnel Home sales in Connecticut dropped 13 percent in 2011, making it the worst on record, according to The Warren Group, the preeminent compiler of real estate statistics in New England. Boston-based Warren began tracking real estate data in ... and more »

Developer says real estate market is on the mend Las Vegas Review - Journal Buy this photo Quotable: "Real estate is more like a marathon, not a sprint. You need to build on your strengths, intellectual assets and human resources." Work history: Salesman and broker for Rossum Realty Unlimited, 1989-2005; managing member of ... and more »

Kensington mayor's real estate purchases Washington Post ... or relevant are displayed in Top Comments, as are comments by users with these badges: . Replies to those posts appear here, as well as posts by staff writers. All comments are posted in the All Comments tab. Kensington mayor's real estate purchases. and more »

Bringing real estate into a mobile world The Register-Guard By Sherri Buri McDonald RealLead is a new Eugene company designing technology that enables real estate agents to get more mileage out of their mobile marketing of real estate listings. The company's owners are Caroline Cummings (left), ... and more »

Real Estate briefs: Builder breaks ground on Bonita Lakes The News-Press Originally from Boston, Christensen worked as a graphic designer and earned her real estate sales designation in 2003. Christensen is also a member of the Bonita Springs-Estero Association of Realtors. Kathy Farias to its Central office. Southwest Florida real estate briefsNaples Daily News all 2 news articles »

'New normal' for real estate arrives Daily News Transcript By Jay Hummer/local columnist Homeowners in MetroWest, and throughout Massachusetts are beginning to adjust to the “new normal” — an industry buzz word used among real estate professionals to define the current state of the housing market. and more »

Tri-county real estate has mixed year Lansing State Journal BY THE NUMBERS The Lansing-area real estate market finished the year on a stronger note, but home sales were stagnant for the year as a whole. Nonetheless, real estate professionals are expecting a better year in 2012. “We're optimistic,” said Bob ...

Investing: Real estate investment trusts risky, but show great returns The News-Press Peculiarly, the commercial real estate market isn't quite as depressed. In fact, funds that invest in real estate investment trusts, or REITs, rose an average 7.5 percent last year, beating the Standard & Poor's 500-stock index's 2.1 percent gain. and more »

Local real estate agents had good 2011, feel optimistic about 2012 The Mountain Press That's a statement echoed by Colonial Real Estate principal broker Vickie Stanton. “The sellers are feeling more optimistic,” she said. “(The realtors) are cautiously optimistic.” With most buyers still looking for foreclosed homes and good deals, ... and more »