First of all - pricing is not an exact science.
It is a skill that relies on experience, market knowledge, and experience. In a market like the Brevard County, Florida residential market with slowly rising prices an optimistically priced home is not a totally bad thing - within reason.
One key consideration when pricing a property is to ensure the price reflects its condition, location, competition and market trends.
In the current Brevard County, Florida residential market that trend is upward - steadily but not meteorically.
But there is always potential danger to pricing a home at the high end of its market.
The longer a property is on the market the more prospective buyers will question "Whats wrong with that house?"
And if an offer does come in what about the appraisal?
If a buyer is obtaining a mortgage it does not matter what the agreed upon contract price if they can't come up with the cash needed or get an approval. And if the buyer is a cash buyer they will likely want an appraisal done as well.
So is it wise to price your price a bit higher than the current market?
Everything will depend on your goals, competition and timeline.
That is why it is critical you hire a local knowledgeable real estate agent when you are ready to sell your Brevard County, Florida home.
Considering selling your Viera home? Ask for a market analysis today (321-693-3850, EMAIL).
Waters Realty of Brevard - a small company delivering big results!