One of the most challenging aspects of putting your NC Mountain Home on the market is determining a fair asking price. The market should determine the price but emotion and perspective can play a large role in the property owner’s view of its value. The seller has a vested interest and has enjoyed the home or property. The seller thinks “the house has a great floor plan, great colors, the yard is perfect”. However, this is not necessarily what determines the value — the local housing market determines value. This is especially true in a buyer's market and although the market is much better today than it was 2 or 3 years ago it’s still a buyer’s market in Ashe County NC .
Ask an A1 Mountain Real Estate Agent to prepare a Comparative Market Analysis (CMA) on your property. A CMA compares your home with similar properties that have sold within a specified period of time. You will see how long it’s taken to sell comparable homes in the high, mid, and low ranges. Drive by the homes to see the obvious differences. This will enable you to set a price that positions you to sell. If sales prices are dropping you may want to set your price lower than the competition. Other factors to consider when setting a price for your home:
- Economic conditions of your town or community
- The supply and demand ratio in your local housing market
- The location of your property (school districts and hospitals)
- Your home’s special features (garage, fireplace, views (river or long range mtn), in-law quarters)
- The age and condition of your home
- Seasonal influences (the housing market may be stronger during certain times of the year).
A1 Mountain Realty will help you determine an asking price by providing you with information prevalent for your home. The agents Ellen Phipps and Gwen Hoover are very experienced and knowledgeable in every aspect of North Carolina Real Estate. Whether you are looking for a NC Mountain Getaways or Log Homes for sale in North Carolina they can assist you. Call A1 Mountain Realty today at 336-846-4900 to speak to any one of our real estate agents. Take a look at all of our properties or you can do a MLS search from our website www.a1mountainrealty.com … while on our site be sure to check out Downtown West Jefferson and the towering Mt Jefferson by clicking on the webcam tab.
Thanks as always for reading our blog!