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How To Properly Price A Luxury Home For Sale | Greater Cincinnati Luxury Real Estate

Pricing a non-luxury home for sale is a bit easier than pricing luxury homes since with non-luxury homes there is plenty of recent sales data from comparable homes being sold. Luxury homes on the other hand take longer to sell due to the smaller pool of luxury home buyers and as a result the sales data for comparable home sales may not be as current. Generally there are also fewer luxury home sales overall which also does not help when it comes time to set a price.

Looking A Comparable Luxury Home Sales
One of the issues with looking at comparable sales for luxury homes is that due to the unique nature of luxury homes the features and amenities they have can vary greatly from one home to another.   Whereas one homeowner installed a large luxurious pool since they love to swim another luxury homeowner may have a grand home theater setup in their home due to their love of watching movies. As a result it can be harder to compare luxury home sales in order to determine a price just based on the extra amenities present.

A majority of luxury homes do have common features like bedrooms, bathrooms and kitchens which serves as a good area to start a comparison of luxury home sales in order to determine pricing.

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How To Properly Price A Luxury Home For Sale – Greater Cincinnati Luxury Real Estate.

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