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Pricing Your Home Right in Tucson, AZ

By
Real Estate Agent with Realty Executives

You hear so much about this being a "Buyer's Market".....but, you don't have a choice, you have to join the other 8000+ sellers on the market and put your home up for sale.   Are you doomed? 

The answer is...you don't have to be. 

Yes, our market has changed.  As long as you understand the current market, you'll be okay. 

  • You can't take what your neighbor got for their home last year and add $20K to it.  That doesn't work, don't try! 
  • You can't figure out what you owe on this home and what you need for a down payment on a new one and price your home that way either.  That just doesn't make sense! 
  • You can't listen to your friends and relatives who have bought and sold many personal residences in past and always seem to come out ahead.  That is just dumb!

What you need to do is be informed, most importantly... hire an agent who is informed.

Keep in mind that when pricing your home it is in the agent's best interest to get the most for your home.

  • More $$ for you makes you a happy client, A happy client equals referrals for us, Referrals for us equals more business for us, More business for us equals more $$ for us!
  • Most agents are paid a percentage of the sales price.  A higher sales price equals a higher paycheck for us. It really is that simple.

When pricing your home, it is all about Price and Condition!

       Price reflects the condition of the home. 

In this market it is important to spend a little time and truly "spruce" up the house.  Curb appeal is more important than ever.  To sell...we have to get them to want to come in!!  Once inside the home, we have to get them to want to stay!

Your agent can help you decide what needs to be done prior to selling.  Pre-sale inspections are a great way to know what needs to be done and lets not forget the importance of staging.

         Condition reflects the price of the home.

                           Price reflects the conditions of the home.

                                                                        Condition reflects the price of the home.

                                                                                                                      Price reflects the condition of the home.

 

Is your home priced accordingly?????        

 

 

 

 

Lexa R. Montierth
NextHome Complete Realty - Tucson, AZ
Real Estate Sales Agent and Marketer

Nora, in some cases you can't even take what your neighbor got last year.  I am pricing a home in Sahuarita and had "the talk" with them. They are really excited about moving and have an eye on a property over in Benson.  The market isn't as slow as hers is, so I had to explain that if she was to sell her house in record time and make an offer on the one in Benson, she needed to come down in price further than what the neighbors are selling for now and in the past.  Thankfully she listened and we priced it accordingly.

 

Lexa Montierth 

Sep 01, 2007 04:56 AM
MarQuis Rhodes
MarQuis Real Estate Group/Boise River Properties - Boise, ID

Very good information. Often times agents do not realize how important "the talk" is. Without properly laying the cards out for your sellers will allow them to have false and/or unpractical expectations.

 

Very good blog,

Sep 01, 2007 05:01 AM
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Hi Nora,

With home sales slumping and inventories on the rise, experts say getting your home sold depends a lot on pricing it correctly. Homes are typically listed for sale at a price above the appraised value. as Realtors we should make adjustments to the current market.

Anthony

Sep 01, 2007 05:06 AM
Dan Forbes
Bradenton, FL

Good thoughts about pricing.  Thanks.

Thanks for you comments on my post about being "FORCED" to delete a previous post.

Sep 01, 2007 05:06 AM