107 Dawson Pond Sold Columbia SC Real Estate, Pricing your Columbia Property
Who says that Columbia SC Real Estate listings can't be sold in this market? Not me. I still love working with listings.
So what's the deal? Friday, my client accepted an offer on my listing at 107 Dawson Pond in Columbia SC Real Estate. After several counteroffers, we had the deal accepted at full market value! Just a short amount of time to get the closing paper work together, and my client will be sitting enjoying what he makes on this property.
So that leads me to an idea. As you remember, I spoke about Overpricing your Columbia SC Real Estate Home the other day. In this market, you must price your Columbia SC Real Estate correctly.
What does it mean to price your Columbia SC Real Estate home correctly? It all depends on the Columbia SC Real Estate neighborhood to be honest.
Within certain neighborhoods, (we'll take Quail Valley in Columbia SC, and Ascot in Irmo SC as examples), market value would be correct. These neighborhoods have homes on the market at all times, but they also sell homes at all times. Both of these Columbia SC Real Estate neighborhoods would be considered as high traffic, high desire neighborhoods.
Now, lets take a neighborhood that isn't quite as desirable. New Friarsgate in Irmo, for example, always has a TON of homes on the market at many different prices. You can buy houses within the neighborhood from $40/sq ft all the way above $100/sq ft. What separates these 2 price? Not a whole heck of a lot. So obviously, a buyer will choose one that has a lesser price.
Within Columbia SC Real Estate neighborhoods such as this, you must price your house accordingly as well. But once again, what does it mean accordingly? In these Columbia SC Real Estate neighborhoods, accordingly would be below market. That hurts, I know.
Due to the fact, in this neighborhoods case, you have a ton of foreclosures, a ton of rentals, and a ton of owner occupied property, you must match the prices of the lesser prices.
Also, do not forget about FHA financing with 0% down available!
Ever see the Buy One Get One Free coupons? The small print always says, "Item of Equal or Lesser Value". We have to take the same approach with these more distressed Columbia SC Neighborhoods.
To reiterate, some neighborhoods have very high prices, and some have low. It's just the name of the game.
Feel free to contact me if you have any questions on the Value of your Columbia SC Real Estate Home!
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