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4 Things to Know Before Putting Up Your Home for Sale

By
Real Estate Agent with MVP Realty 666218

1. Pricing - Is your home for sale in worth more than you bought it for? Even now, it's a possibility. Check the average sales prices for the homes in your area, neighborhood and street. You might be pleasantly surprised. Contact your local agent for the information.

2. DOM - Days on Market is the time period a home sits on the market before closing. Currently, the average days on market in almost any area are rather high, but the actual metric may change depending on the price of your home. If you're faced with a timeline and have a set goal for the sale, the average days on market for your area is a number you need to know. Again, you can ask your local real estate agent.

3. List Pricing - The average list price tells you how much your competition is going for. If you're trying to sell your house way above the average list price, it probably won't leave the market.

4. Competition - How much competition do you really have? How many "For Sale" signs are up? The higher the inventory, the lower your chances of selling the home quickly.

Of all the numbers to know, these are at the top. As every agent knows, the best way to sell your home for sale in is to do the research - and then hire a proven real estate agent!

If you want to sell your home and need current information, I can help. Call me now at Toll free at 800-820-3511 or email me at liloc@att.net for more information.

Lilo Clacher
Realtor, e-PRO, CFS, Staging
Website:   http:www.llilorealtor.com

Lorraine or Loretta Kratz
Crescent Moon Realty, Inc. & Land N Sea Auctions. - San Marcos, CA
Certified Negotiation Consultants

Lilo:

Words of wisdom, I just recently went on a listing appointment and the seller felt that they would have to do a short sale, and come to find out that with the inventory in San Diego county becoming so lean, that they are in a good position to sell and walk away with a bit of cash in their pockets.

Jan 15, 2010 10:36 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Lilo,

Good post with some great links. Four things one definitely should know before putting their home on the market. 

Jan 15, 2010 11:04 PM
Lilo Clacher
MVP Realty - Cape Coral, FL
LEE County Real Estate Expert

Thank you for your comments. Sellers jump to quick to a decission in short selling there home.

Jan 15, 2010 11:51 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Lilo....in our area, houses are selling and the market is starting to change.....homeowners are selling for more than they expected.

Jan 16, 2010 12:02 AM
Lilo Clacher
MVP Realty - Cape Coral, FL
LEE County Real Estate Expert

Great for you Barbara. I am in FL and we still have long ways to go

Jan 16, 2010 12:12 AM
Betty Knowles
Southwest Missouri Realty - Springfield, MO
Ready to sell? Call Betty!

We encourage our new listings to go and see their competition in person so they know exactly what it looks like. It helps them understand why we recommend a listing price.

Jan 16, 2010 12:25 AM
San Antonio Texas New Homes for Sale
www.sanantoniotexasnewhomesforsale.com - San Antonio, TX
Berkshire Hathaway HomeServices Hill Country

Lilo...Great information.....Sellers need to be educated as to how to price a home to sell. 

Jan 16, 2010 01:04 AM