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setting a price: My House is Worth What? - 01/11/09 07:12 PM
One of my favorite TV shows on HGTV is "My House is Worth What?". In this show there are three separate homeowners all over the country. Many of these families have done some major renovating and remodeling and want to know if their time and efforts were worth the money. As I was watching this show I started thinking...many homeowners put TONS of money into their home thinking that they'll be able to recapture all of it once they decide to sell.
As I go to several listing appointments I need to remind these homeowners that the value of their … (3 comments)
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setting a price: How to Set a List Price for Your Home: #4 Offering Incentives - 07/17/08 10:55 PM
Offering Incentives to Hasten a Sale
Sometimes cash incentives are as effective as lowering the price, especially in the lower price range where buyers may be "cash poor." You may offer to pay some or all of a buyer's closing costs and discount points required by the buyer's lending institution.
If you haven't had much traffic through your house and you're in a hurry to sell, you may want to add the offer of a bonus to the selling broker, in addition to their commission. An example of the wording for such an offer may be "to the broker who brings … (8 comments)
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setting a price: How to Set a List Price for Your Home: #2 Comparable Sales - 07/16/08 12:37 PM
Price Against Comparable Sales in Your Neighborhood
No matter how attractive and polished your house, buyers will be comparing its price with everything else on the market.
Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood. Your Realtor can furnish data on sales figures for those comparable sales and analyze them to help you come up with a suggested listing price. The decision about how much to ask, though, is always yours.
Competitive Market Analysis (CMA): The list of comparable sales a Realtor brings … (0 comments)
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setting a price: How to Set a List Price for Your Home: #1 Pricing Considerations - 07/14/08 02:38 PM
Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR® will help you set your list price based on: 1. Pricing Considerations; 2. Comparable Sales; 3. Market Conditions; 4. Offering Incentives; and 5. Estimated Net Profits.
Pricing Considerations - Find a Balance Between Too High and Too Low
When setting a list price for your home, you should be aware of a buyer's frame of mind. Consider the following pricing factors:
If you set the price too high, your house won't be picked for viewing, … (1 comments)
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Jese Gonzalez ~ The Real Estate Matchmaker
El Paso,
TX
More about me…
ERA Sellers, Buyers & Associates
Address: 780 N Resler, El Paso, TX, 79912
Cell Phone: (915) 549-1962
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