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 

 

 

 
This post has been included in Tennessee Information
Post is included in group: For Sale By Owner
Post is included in group: Posts to Localism

5 Comments on How do you sell your home for the...

JUN
26
2008
135,751 Points 1 Featured Post Outside Blog

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!

10:23am • #1
JUL
03
2008

My coach and mentor says "you can tell when you sign the listing agreement if it's an expired listing".  Good info, Doris!

6:52pm • #2
246,523 Points 5 Featured Posts

Hi Doris - Great advice.  A seller can't always help where the property is located, but they certainly have control on the other issues you mention.

Myrl Jeffcoat
http://www.myrljeffcoat.com

 

7:34pm • #3
JUL
04
2008
386,455 Points 28 Featured Posts Localism Sponsor Outside Blog

Yeah, you can repeat that over and over but it falls on deaf ears. Sellers will still want to "test the market," and they always have a price in mind before you get there.

Lately, I've been turning down listings from sellers who aren't reasonable. I explain the reasons to them and ask if they still want to put their home on the market at that price -- often the answer is no. My motto: don't take no crap.

elizabeth weintraub sacramento real estate agent

8:01pm • #4
JUL
13
2008
298,697 Points 12 Featured Posts Localism Sponsor Outside Blog

Hi Doris,

Makes sense to me, good information.

BTW, thanks for you comment on a prior post of mine. You comment was hillarious.

12:16am • #5

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DORIS FREEMAN Realtor Hendersonville-Nashville

Hendersonville, TN

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RELIANT REALTY LLC

Cell Phone: (615) 438-3221

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REALTOR, Broker, ABR (Accredited Buyer Representative, MLS Listings, Hendersonville Homes for Sale, Hendersonville Homes for Sale, Gallatin Homes for Sale, Nashville Homes for Sale, Sumner County Homes for Sale, Davidson County Homes for Sale, Wilson County Homes for Sale, Williamson County Homes for Sale, Brentwood Homes for Sale, Mt. Juliet Homes for Sale, Madison-Goodlettsville Homes for Sale


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