When we list a home for sale here in the Cleveland Ohio real estate market, it is our duty to help our sellers get as much money for their home as we can. However, there are certain factors that do not affect the price of a home and knowing these up front can help a seller properly manage their expectations.
HERE IS A LIST OF FACTORS THAT DON'T AFFECT THE VALUE OF YOUR PROPERTY:
1. What you need
2. What you paid
3. What you want
4. What your neighbor says
5. What another agents says
The value of your property is determined by what a BUYER is willing to pay in today's market based on comparing your property to others SOLD in your area.
Real estate agents don't determine value, BUYERS DO. However, a good agent will use their knowledge of the local inventory and market data to help their sellers properly price their home correctly up front so they can secure the maximum amount of money for their home in the quickest amount of time in any market.
Knowing these factors should help home sellers in their efforts to successfully sell their home.
*****************************************************************************************
About The Authors:
Dan and Amy Schuman reside in the Eastern suburbs of Cleveland Ohio. They use their home staging expertise to sell listings quicker and for more money. They also specialize in luxury homes and work extensively with buyers and sellers who are relocating in or out of the area.
If you are looking to buy or sell a home in Bainbridge,Beachwood, Moreland Hills, Orange, Pepper Pike, Solon, or the surrounding Eastern suburbs of Cleveland, please contact the Schuman Team as they would be happy to show you why people love working with them.
To see all homes currently on the market in the Cleveland Ohio area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.
Check out the award-winning website, www.schumanteam.com .
or CLICK HERE to visit the Schuman Team blog and then save it as one of your favorites.
All content is the property of The Schuman Team and may not be duplicated or used without their written consent. ©2009
;)
;)
Dan and Amy,
Very good post, will add with this chart that is on my Sellers Net Proceeds Calculator.
Items that Affect the Sales Price of your Home
Affect Sales Price
How much the buyer is willing to pay
Location, condition and size of the property
Dates within the contract.
Recent sales on homes similar to yours.
Sales Concessions or Special Financing Offered
Do Not Affect Sales Price
How much cash you need to complete another purchase
The list price of your home
How Much the buyer can afford to pay
The Balance of your Mortgage(s)
Other Bills you want to pay off when the home is sold.