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3 Things to know when selling your home

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Real Estate Agent with Residential & Commercial Real Estate 018255570
Home > Blogs > California > Los Angeles County > Culver City > Three things to know when Selling your home
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Dorene Slaivtz’s Blog

 
 
Dorene Slavitz
By Dorene Slavitz | Agent in Culver City, CA
 
 

Three things to know when Selling your home

 
 
Three things to know when Selling your home

1.Price?
Your house is worth fair market value.  What does that mean? Fair market value is comparing your house to similar homes that have sold nearby over the last three to six months. Most real estate agents offer a CMA which will compare values but a really good realtor will have a handle on what is going on in your neighborhood precisely, and know what buyers are paying in your area. Price is the number one selling point for any home.

2.Condition?
Whether or not to do home improvements or repairs before putting a house on the market is a common question. I say Yes and get a pre listing inspection done as well. Be prepared to fix.

  • Roof problems
  • Problems with wiring or other electrical issues and heating
  • Dry rot or other pest problems
  • All cosmetic issues

3.Marketing

Do I Need to Hold an Open House?

Open houses are probably one of the most hotly contested issues within the real estate. Many agents feel that they are exhausting, don't work, and refuse to hold them. Then there is the agent who holds open houses because she read the statistics and understands that there is a chance the perfect buyer is among those who will view the house on a Saturday or Sunday afternoon. That would be my opinion.

About 45 percent of potential homebuyers will visit an open house, according to the NAR. That figure represents almost half of the buyer pool, a large enough group to safely assume that your buyer may be among those!

Ask your Realtor if they are familiar with your neighborhood. Find out how they will market your home. Your Realtor should have a good idea of how home are found, and purchased by potential buyers so that your marketing is directed effectively.

 

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