Your home...How does it measure up? whether buying, selling, or refinancing, you always want to determine a fair price for your home. How do you know fair is fair?
A competitive market analysis is the most important tool for determining market value regardless which side of the table your sitting on. We know we want or need to sell our homes for, or want to be the highest sale in the complex or neighborhood when sitting at closing. Statistics of similiar properties tell the truth, the whole truth, and nothng but the truth when considering the correct price for buying or selling.
As the seller, do your homework before making your wish list. Look at recent selling home prices for condos or homes similiar to yours. Examine the length of time they were on the market before they sold. Know how many other homes are on the market in your price range to understand your competition. Pending sales and sales that occured within the last five to six months will show if their were price reductions to make it an incentive for the buyer to make a decision. Its complex, but important to know market activity before stepping foot into the arena to compete in selling your home. Buyers are everywhere..just remember they are looking for value, a good and fair deal, and they are doing their homework and research as you should be doing.
Events this week in P Town...Bear week is underway in full swing, R family cruises spends the day in town this Friday, July 18 aboard the Norwegian Dawn from 8am to 10pm, and the blues are biting everywhere with the stories about what got away!
Join us for next weeks events and upcoming theme weeks
Good info Stuart! I enjoy your blog, keep writing and post to your groups too!
Best,
Dave