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What is your motivation to sell?

By
Home Builder with Conifer Builders LLC

What is your motivation to sell?

If you are nearing a time when you will need to sell your home, you might be scared by what you read online and hear on the news. Rightfully so, too — it is a rough time to be a seller in many markets in Central Texas near Austin.

So, if you are coming upon a job transfer, or need to move to find new work, you may not have a choice but to sell. Maybe you don't want the hassle of being an absentee landlord. Or maybe you can't get enough rent to cover the mortgage payment, and you don't want to pay the overage yourself.

There are some things that we can do to get your home sold, but many factors are out of your control.

First of all, price is king. Or should I say, the RIGHT price is king! If you don't list at the right price, your home is probably not going to sell.

You may be thinking that you'd like to put it on the market for a higher price -- "just in case" there is a gullible buyer out there. Think again!

Because even if you do find a buyer who offers you more than your home is really worth, it will not appraise. In the olden days of yore (aka yesteryear), they buyer could pay the difference and still get a loan. Not anymore. Virtually no lenders will do a loan on a home that is priced higher than the appraisal.

Posted by

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Aaron Vaughn

Conifer Builders LLC

Call or text @ 830-358-0455

Comments(3)

Glenn Roberts
Retired - Seattle, WA

Pricing to test the market, is just the same as asking for the "PRICE REDUCED" sign. And that sign also says, "BRING ME A LOWBALL OFFER."

Aug 29, 2010 02:51 PM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Great advice, once again, Aaron!  Price is the ultimately the ONLY way to get your home sold these days - you simply must be realistic!

Wake Forest NC House Chick

Aug 30, 2010 10:55 AM
Aaron Vaughn 830-358-0455
Conifer Builders LLC - Canyon Lake, TX

Thanks for stopping by, both of you! It's true, no matter how you slice it -- the price needs to be correct. The market doesn't care how much somebody paid for their home, or how much money they invested in fixing it up.

Aug 30, 2010 04:54 PM