Pricing your home is one of the most important decisions you must make when selling your property. Some sellers want to price their home based on the return they would like on their initial investment, while others will base the price on what they need to buy their new home. Location, condition, and accessibility are three other variables that will affect the price of a property.

It is crucial to price your home correctly from the beginning, because it may not sell if it is overpriced. Don't make the mistake of thinking that you can reduce the price later. By this time you will have already lost many potential buyers. The motivation of the seller is a very important factor affecting the pricing decision. The higher the seller's motivation, the lower the price, and low motivation usually means a higher price.

The state of your local real estate market is one of the strongest determining factors when pricing your home. A professional real estate agent will be able to guide you through the pricing pitfalls with a written market analysis that includes the selling prices for similar homes in your area.

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Debbie Phipps
Keller Williams
56 West Main Street
Newark, DE 19702
Direct: 302-737-6434
Fax: 302-738-4200
debbiephipps@NUMBER1EXPERT.com
dsphipps@aol.com

I have been a Realtor for 23+ years and I am in the Top 3% of all Realtors in New Castle County. I am also the top agent in my office. I have been awarded the prestigious 5 Star Professional Award which was announced in the November issue of the Delaware Today Magazine. I have carefully put together a very high performing team with a vision of customer service driven performance blended with old fashioned hard work and values along with the latest in technology. Each member brings multiple expertises, designations and specialties in our Tri-State marketplace. Always working with their client's best interest in mind, each Team Member dedicates themselves to honesty, integrity and the education of every aspect of their profession.

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