BEFORE YOU SELL

By
Real Estate Agent with Realty Executives Boston West 113011

You have decided to sell. But before you put the sign in the yard there are some things you will want to make sure you have done. Time spent doing research and setting the right price will most likely yield you a better return in the end. A home is only worth what a buyer is willing to pay for it.

Track your neighborhood values
Find out what homes similar to yours are selling for in your neighborhood so you will have a good idea what your home is worth.

Buyer or seller market
You need to judge whether it’s a sellers’ market or a buyers’ market in your neighborhood. Remember that all real estate is local. You will want to research things like interest rates, home inventory, job forecasts, and even time of year.

Research inventory
How many homes are for sale? If you live in a desirable neighborhood and there aren’t many homes for sale, you will have a clear edge here. However, if you see lots of homes on the market and they’re not selling very quickly, you might have to reduce the price you had in mind.

Know the average days on the market
Review the homes in your neighborhood and their days on market sometimes referred to as DOM. Look at trends for the past year and assess whether homes were appreciating or depreciating.

Monitor the job market
Is a big company relocating workers to your area? Or are they moving out and shutting the doors? The job market has a lot to do with the real estate market.

Attend nearby open houses
Observe how other properties are showing and compare them to your home. At an open house you can often feel the “mood” of potential buyers.

Get a professional opinion
A real estate professional will be able to help you gather all of the above information and come up with a CMA or comparable market analysis to determine the best price range for you home.

 
 
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Home Selling
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Massachusetts Norfolk County Needham Needham Heights
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open house selling your home what you need to know

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Rainmaker
3,329,973
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Great list...days on market are once again becoming easier to foresee !

Aug 24, 2014 01:04 AM #1
Rainmaker
417,264
Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369

Hi Pat, this is an excellent way for sellers to educate themselves and get involved in the process of selling their home, before they list.

Aug 24, 2014 05:38 AM #2
Rainmaker
812,017
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Pat, you have provided great advice for anyone looking to put their home on the market. They must know what they are getting themselves into so there are fewer surprises.

Sep 06, 2014 03:01 PM #3
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Rainmaker
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Pat Laracy Baker

Pat Baker Dream Home Maker
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