I have worked in Kansas City real estate for over 5 years and I wanted to share with you the Top 5 Common Mistakes When Pricing A Home. Remmber these factors DO NOT affect the market value of Kansas City real estate, thus the proper listing price of your home.
• Your Original Purchase Price : Most likely you paid the market value at the time of your purchase. Markets change, sometimes quikly, and today we have to deal with the current market conditions which may have changed significantly from when you purchased the home.
• Over Improvement or Certain Types of Improvements: Improvements should be made for enjoyment, not resale. You cannot add an item to a home, select it to your style, use it and then expect a buyer to pay the original cost.
• The Owner’s Need for Money: The owners need for money, the amount of closing costs, realtor fees the seller must pay or the fact that the owner is moving to a more expensive home has nothing to do with the home’s current market value.
• The Cost to Rebuild It Today
• The Seller’s Personal Attachment to the Property: The seller will often have personal attachements and special memories associated with their home that must be overlooked for a true market analysis. For proper pricing techniques, contact Brad Papa your local Kansas City real estate agent at http://www.PapasInTheHouse.com for a free market analysis.
Brad Papa
RE/MAX State Line
913-526-4985
http://www.PapasInTheHouse.com
Come to Papa For All Your Real Estate Needs!
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