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How to Sell Your House

The Market Analysis IS the test for price. Pay close attention to the results and then price your home accordingly. A good way NOT to get showings and NOT to get offers...price above so there is "room to negotiate."

How to Sell Your House

 

 Whenever you hear people discussing real estate you can bet your last dollar that you will hear the phrase "location, location location" mentioned.  I am a firm believer that the location of a home can hinder or help in a sale, but I know the most important aspect when selling your home is PRICE.  If you really want to know how to sell your home, the answer is short and simple:  Set the correct price from the start. 

how to sell your house How do you calculate the "right price"? 

Below are a few tips to follow:

 

 

  • Don't just get a market analysis, trust the results - The market analysis determines the value of a home based on the amount comparable homes have sold within the last year.  Real estate appraisers will look at these recent sales when they determine the value of the property for mortgage purposes.  One of the most important facts about real estate transactions and mortgages to understand is that the mortgage company will not lend above the value determined by the real estate appraiser.  Therefore, pricing a home above the value determined in a market analysis done by a real estate professional will not help you make a greater profit.

  • Time factor: If you need to sell fast, price it as low as you are comfortable with. Typically the lower the price the faster the sale. If a home is priced too high from the beginning, a seller almost invariably ends up with a lower sales price then if the home had been priced correctly from the beginning. The trick in any market is the price.  Homes priced correctly sell.

 

  • You hired a professional... listen to their advice. You are paying for professional advice, don't ignore it. ASSUMING your agent is experienced and professional, they will give you great advice based on market research and experience in sales and real estate. You wouldn't do research to find a great doctor, then after a diagnosis go with your own ideas would you?

 

  • Choose Wisely!   Do not hire the real estate agent who gives you the highest value as a listing price.  There are some agents who will start out with an unattainable listing price and after a few weeks begin to tell you it is time to reduce your price.  How much time is wasted when you are priced too high?  Hire an agent who will base the value of a home on facts.   

 

 

Andrea Kappre is a Realtor in New Jersey, helping buyers and sellers to successfully accomplish their real estate goals. For your own customized MLS search of homes for sale in Gloucester, Salem or Camden County or other South Jersey areas, Click the Search the MLS link below or call or e-mail Andrea Kappre now.  You can visit Andrea on the web at www.AndreaKappre.com

Contact Andrea Kappre at 856-419-3560 or AndreaKappre@yahoo.com

 

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Comment balloon 3 commentsCheryl Ritchie • August 02 2010 08:45AM

Comments

Cheryl, great choice for a reblog.  The story is always the same, just the actors change.

Posted by Alan Bruzee (Long & Foster Real Estate, Inc.) about 9 years ago

Hello Cheryl:

Our appraisers will only use comparable properties for the past 90 to 180 days Max. One sounds like forever.  It took me a while to figure out this was a re-blog with Andrea's contact information at the bottom of the post.

Posted by Brian Rugg, Sun City TX Real Estate - Georgetown, TX Real Est (Rugg Realty LLC Sun City Texas 512-966-3200) about 9 years ago

I just focus on 90 to 120 days now. Over that, they will be off the consideration list anyway by the time the property gets an offer.

Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge www.GoldenResults.com) about 9 years ago

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