The question is as long-standing as the real-estate business. Does a small, highly competitive selling price for Thomasville real estate actually produce a faster, more effective sale than a slightly inflated worth with a eagerness to negotiate? Yes, it is an age-old debate. Yes, it has never been more essential that sellers make knowledgeable judgements about their asking price and negotiating strategy.

A seller with an unwarranted belief of their property's price is either a wishful thinker or does not have the assistance of an precise comparative market investigation and a real estate agent who specializes in the neighborhood.

Get Real, Know the Facts
When sellers determine to list their residence in the Thomasville property market, they more often than not have a belief about the price based on reported sales of related properties. Consciously or subconsciously, most homeowners follow the real estate activity of surrounding homes.

However, every property transaction stands separately. In today’s market, buyers and sellers negotiate to capitalize on tax incentives, green-initiative enhancements, closing fees, homeowner credits and local incentives. Thus, the “neighborhood selling worth” may not correspond to the value you can actually get for your residence.

Real estate agents use differing strategies to obtain listings and set sales prices. Therefore, a seller who requests proposals from three different Thomasville agents may well get three separate thoughts of value:

1. One agent may desire the listing at any price and be willing to say yes to an owner’s constraint for a elevated asking price just to secure the listing.

2. Another agent may be conservative and encourage a low asking price in the hopes of creating superior demand. This plan was effective in the boom years of 2006 and 2007.

3. A third agent may blend his data about the property, the immediate area and today’s real estate market to come up with the optimal listing price.

The Optimal Listing Value for Responsible Thomasville agents examine the home from three postures.

1. First we inspect the property, top to bottom. We understand its history, the neighborhood, its strengths and its weaknesses.

2. Next, we do our study. We compile a widespread, relevant list of current sales, a complete list of properties on the market and an equivalent list of just concluded Thomasville real estate sales.
3. We balance this information against the price of new construction. We factor in what upgrades might be necessary to stage the residence more effectively. And, we use this quantitative examination, called a comparative market study, to suggest an effective selling price designed to create demand in the market.

This is not a whimsical exercise. This is about establishing the highest selling price your Thomasville real estate should achieve.

To further talk about how you can create the peak real estate price for your residence, call First Thomasville Realty today at 229-226-6515 or by email at info@FTRealty.com .