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The three most important things in Real Estate:

By
Real Estate Broker/Owner with Uber Realty

The three most important things in Real Estate: Location, Location, and Location. Everyone has heard that one- but here is my twist. The 1st location is: where are you priced in the market? This market is the opposite of the sellers market where there were 10 buyers for every house. Now there are 10 houses for every buyer. Make sure you are priced right. This is not the time to put too high a price on your home and then have to reduce it to sell. Price it competitively from the get go.

The 2nd location is: where is your mind set? Make sure your mind is in the right location. You have now entered the business of Real Estate. Don't get your feelings hurt if someone makes a low offer. It means they are interested in your property. What would you do if you where buying a house in these market conditions? You would test the waters on price. Counter, counter, counter. Work each offer until it either goes to a deal or dies.

The 3rd location is: where is your stuff? De-clutter, de-clutter, de-clutter. Relocate your excessive stuff. Make your house the location that people remember.

Posted by

Read a great discription By Dan Green of Waterstone Mortgage

 

http://themortgagereports.com/11157/harp-changes-no-income-needed-with-money-in-the-bank

 

Link to my post about it for brief run down. 

 

 

Anonymous
Debbie Mitchell

I could not agree more.  Pricing the home properly at the get-go is by far the most important step. Checking comparables but also looking at the competition in that price point is also extremely important.

If there are 20 houses in the area priced at $199,900, why would you join the crowd? Stand out from the crowd even if it is only by $100.  That one hundred dollars is so small but could mean a larger audience previewing your property just because it stands out from those similar to it when buyers are searching the various sites for homes.

Oct 17, 2007 09:19 AM
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