Hello Proactive, (and we know this is NOT your name, LOL)
During these tough and uncertain times, the best approach to pricing [any] home is to do so from a [bank's] perspective.
WHAT IS PRICING A HOME FROM A BANK'S PERSPECTIVE?
To price a home for banks perspective means: setting yourself up to succeed! It's that clear!
The best way to set yourself up to succeed is by employing the services of an [actual] appraiser.
Sellers who are serious about selling their property in the least amount of time, for the best and highest price available, use the services of an appraiser. Although it may require an initial investment of, say, a couple of hundred dollars, this small investment will maximize sales profitability and will minimize the time said property remains for sale on the market.
Using an appraiser to arrive at a realistic listing price based on current sales and/or any capital or home improvements you may have made to your property, will allow you to price your property from "a bank's perspective."
WHY DOES THIS APPROACH MAKE THE MOST SENSE?
This approach seems to make the most sense for obvious reasons: any other price opinion, whether it be from a real estate professional, an investor or yourself, may or may not be based on accurate information, and may be [logically] motivated by a false premise; anxiety, haste, inexperience, over zeal on the part of anyone involved in the process.
Naturally, employing the services of a real estate appraiser, just as a bank will (when lending monies to purchase your property), will allow you to price your property at the most advantageous price; allowing you to capitalize on precious market-time and buyer-interests, thus reducing the risk of a purchase-deal falling apart, due to unrealistic pricing and expectations.
NOW YOU KNOW, AND KNOWING IS HALF THE BATTLE.
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