Age of the House Potential buyers will want to know the age of the plumbing, furnace, roof, appliances, etc. If anything has been replaced, this could add to the value of your property and the sale price. Usually, interest rates are attractive and prices are steady. Interest rates may be low or high, but housing prices are on the rise, and there are few houses to be sold. With these points in mind you should be able to determine a fair price for your house.
Most buyers have limitations on how much they can spend.
If your property out-prices other houses in the neighborhood, it could remain on the market longer than you wish. Even though you may be planning to lower the price later, studies show that the longer a house is on the market, the lower the price at which it finally sold, compared to the original list price. Although not a specific part of the price setting process, concerns about the amount of profit realized from the sale, tax regulations regarding the sale of property, and settlement or closing costs should be addressed. Your net profit can be estimated by subtracting these costs from the sales price. But remember, this is only an estimate.