How can you sell your home for the . . .
BEST PRICE, in the
SHORTEST AMOUNT OF TIME, with the
MOST FAVORABLE TERMS
PRICE IT RIGHT . . . from the start
There are many things that affect the value of a home, and in today's market it's even more important to be sure to price your home right.
The ECONOMIC CONDITIONS are one of our biggest factors affecting pricing today, which has an impact on SUPPLY AND DEMAND, but you also need to take into consideration, MORTGAGE MARKET, and at this writing the rates are at one of the lowest points since 2002, SEASONAL MARKET, its summertime and people are moving before school starts, and last and regardless of the other factors this one is:
Very Important - - -
LOCATION - LOCATION - LOCATION
You can't change your location, each area within a city, state or the country, has its own unique characteristics and this is a very large factor that determines value. You have to compare apple to apples, not apples to oranges.
There are three ways to determine a fair market value or price:
COST APPROACH: most useful on new properties when replacement values are easily determinable
INCOME APPROACH: usually used for investment and income producing properties
MARKET VALUE APPROACH: which is normally used in re-sale residential properties, using the comparable properties sales prices.
A Proper Market Analysis will consider all of these factors and help you the seller and your Realtor / Real Estate Agent determine the Fair Market Value, at the time your home is listed, remember the above conditions change and prices/values change with them.
A properly priced listing is the most important factor in marketing your home for the best price.
DORIS FREEMAN - SHERRI SMITH
615-438-3221 615-557-2070
‘TEAM MOTHER DAUGHTER" of Reliant Realty
dorisandsherri@yahoo.com
http://www.homesintennesseeforsale.com
Covering the Nashville, Tennessee Area, including Sumner County, Davidson County, Wilson County, Williamson County
Hi Doris,
You are so right, if a home isn't priced right, "To sell" right out of the box it will sit and sit and sit!