How to Price Your Vancouver Condo Correctly

Once you've decided to sell your Vancouver condo you will need to determine the correct strategy in order to price the property correctly. Select an experienced Realtor with a history of working in both a buyers and sellers market. Study the recent comparable sales as well as current listings, which will be your competition. Ask your Realtor to organized a buyers tour for you to view the six best priced properties. Why? Because the buyes will view all homes in their price range and you should know your competition.


How to Attract an Offer

In a buyer's market, resist pricing your Vancouver real estate high and then following the market down, this is a recipe for achieving a lower price. Statistics show sellers receive the highest price in the first month on the market. Beat the competition and list it sharply, you can always turn down an offer or counter it.


What About Pricing Your Vancouver Property in a Sellers Market?

In a sellers market, when there's more buyers than properties for sale and prices are rising rather than falling, you can list higher and wait for the market to catch up, or list at current value and expect multiple offers. Don't forget the other half of the equation which is buying and selling in the same market. You may sell for less but you'll be buying for less.

 

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