If you want to sell your property here in St Petersburg Florida, you have to think real hard about pricing it right.
How do you do this? Find the right asking price for my property.
First thing is to find a Realtor that knows the market and the area. This Realtor will do a comparable market analyses for you.
You have to look at everything that sold in your neighborhood over the last few months; this tells you what buyers were willing to pay for homes or condos in your area.
You also have to take into consideration that prices have gone down over the last year, and some areas have not bottomed out yet.
So what your neighbor got 4 month ago might be higher than what you can get now.
The next step is to look at all the listings that are under contract.
What were the sellers asking for it and keep in mind that they will most likely close way below asking price.
You are not done yet, also look at the active listings, or a better word, your competition.
What are they asking and how does this compare to the “sold and under contract” listings.
If you do these two things, you will end up with a very good and realistic idea of the market value.
Keep in mind; in this kind of market you have to be compatible otherwise you will not sell.