Before you set the sales price of your house, here are some steps that you need to do:
>> Understand that Market conditions will play a role in setting the sales price of your house.
>> Get an agent to run a Comparative Market Analysis (CMA) that will show the listing price of similar houses in the area as well as the SOLD prices. Factor in how quickly houses are selling in your area, interest rates, the strength of the school system, the criminal rates, and finally whether it is a buyer's or seller's market.
>> Get an agent to Analysis information about houses currently on the market
>> Get an agent to share information on houses that were on the market but never SOLD
>> Set your expectations for selling the house, this must be calculated into the selling price
>> Get your agent's opinion of a sales price that will balance your expections and match the local market value
Here are some expectations that you should consider :
- Do you expect to get the maximum sales price for your house?
- If so, are you willing to have your house on the market for many months?
- Do you expect to sell your house quickly?
- If so, are you willing to sacrifice some of your potential profits to sell more quickly?
- Do you expect to establish a balance between selling your house quickly and selling at the top end of market value?
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The market is pretty confusing right now. This is no time to not give careful consideration to what is going on in the market. There are so many foreclosures, short sales, auctions from foreclosures, and so many REO (Bank Owned Real Estate) that the market is not showing a clear picture of what the value of your may be. By using an agent you will access to more reliable information from the MLS and other sources that can prove to be of great value to you and it could save your thousands of dollars. This especially holds true to areas such as the San Joaquin County, Stockton, CA because of the high rate of Notice of Defaults recorded daily and most of which turns into foreclosure and REO bank owed real estate.
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For free market evaluation of your home visit http://www.motheranddaughterrealty.com/. Check out my Mother and Daughter Blog for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team and we also focus in Short Sales and the Pre-Foreclosure process. Our consultations are free. Our aggressive marketing plan includes progressive online listing advertising. If you are thinking of selling or buying a home in Northern California: Central Valley (San Joaquin/Stanislaus Counties), East Bay (Alameda, Contra Costa Counties) and would like a free Home Seller's or Home Buyer's Handbook, please call us at Perfect Financial Solutions 866-750-8282 or direct 510-284-7721 or email at brooksrm2042@aol.com
HAPPY and SAFE HOLIDAY SEASON to you and your family & Friends!
the Mother and Daughter Real Estate Team ~ Short Sale Specialists
Perfect Financial Solutions - We care about our clients Real Estate needs
Tel.: 866-750-8282
Fax: 209-879-4601
http://www.motheranddaughterrealty.com
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Good message! Great advice for seller if they follow it.
Happy holidays.