price. If you are looking to sell off your home as fast as possible, simply list the property 5% to 15% below its market value (after studying current market trends to make sure you know what that price actually is in your neighborhood, of course). This will attract buyers easily, since a good deal is always the best bait. This strategy is best when you plan to do the sale yourself, since the lowered price means you have less margin to work with for paying an agent’s commission. Market statistics show that on average, buyers across the country are paying 2.5% more than the average asking price. However, this calculation does not take into account the concessions or incentives sellers found themselves giving the buyer. Also, if you have brought down the listing price to 15% below the market price, the result is that you are only reducing the price 6% to 7% below what you would end up getting working with an agent. Therefore, cutting down on your holding costs and netting more money through a faster sale in spite of the lower asking price will work to your advantage. Though the scenario might differ by region, it can guide you on how to decide your first listing price. Making prudent use of the Internet to research area pricing is another good way to decide on
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