Yes, Your Home is (Fill-in-The-Blank) But It Won’t Sell For More Than What A Buyer Will Pay
- So beautiful
- Darling
- Incredible
- Drop dead gorgeous
Are you describing your neighbor’s new bundle of joy or that property that you’ve just listed. To paraphrase W C Fields --- this is a no kids zone today but if the topic is homes, you’ve come to the right place.
Many think of their home as a castle -- and in some cases, they are right(including the obligatory moat and drawbridge) but please understand buyers will be making their decision to buy on a number of factors.
Some of these factors may be emotional(afterall, it’s Mom, apple pie and all that touchy feely good stuff) but the financial implications are very important. How many times have we heard and maybe said -- “I’m in no hurry to sell, I’ll wait for the buyer who will pay my price”. Of course, if the buyer is obtaining a mortgage there will be an appraiser(and as a group and a generalization -- appraisers are not big fans of apple pie relative to a home’s value) -- so your property will need to appraise for the agreed upon purchase price.
Even without a loan, an all-cash buyer will not pay more for your house than the market value. Sure, there are exceptions -- and of course we know that market value is when a willing buyer and a willing seller come to an agreement -- but realistically, you know, your price needs to be based on some facts --- like comparable and recently sold properties -- not that house that sold five years ago.
For realistic and a fair valuation plus a marketing plan to maximize the sale proceeds of your Pasadena/San Gabriel Valley property contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.
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