Tips for Pricing Your Home
I think this is great information that we should all share with out sellers... I find sometimes it helps coming from an outside source rather than us...
David
- Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?
- Consider competition. How many other houses are for sale in your area? Are you competing against new homes?
- Consider your contingencies. Do you have special concerns that would affect the price you'll receive? For example, do you want to be able to move in four months?
- Get an appraisal. For a few hundred dollars, a qualified appraiser can give you an estimate of your home's value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute or ask your REALTOR® for some recommendations.
- Ask a lender. Since most buyers will need a mortgage, it's important that a home's sale price be in line with a lender's estimate of its value.
- Be accurate. Studies show that homes priced more than 3 percent over the correct price take longer to sell.
- Know what you'll take. It's critical to know what price you'll accept before beginning a negotiation with a buyer.
This has been Reprinted from REALTOR® magazine (REALTOR.org/realtormag http://www.realtor.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.
Click to "LIKE" me on facebook:
Looking forward to working with you!
-Karin :)www.PropertyPromenade.com
Your Source for Slidell and New Orleans, La. Real Estate
PropertyPromenade.com is a courtesy of Karin Smith - Listing Agent / Selling AgentKarin Smith - REALTOR
ABEK Real Estate
820 Oak Harbor Blvd.
Slidell, La. 70458
USACell: 985-707-7624
Email:ksmith.realestate@gmail.com
Comments(0)