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Seller Tips [ 1 2 ] | Selling your home can be an emotional experience; you know it is time to move on, but where do you begin? The house down the street sold for $$$ but you know yours has a better view and an extra bedroom, so should you price it at $$$$? Will it appraise at the price you feel it should be? A simple Market analysis from your Realtor will help you price it correctly. If you don’t have an agent, take the time to interview a few. Have them bring a Market analysis and go over it with you. Be aware of pricing, If you and your agent have overpriced your home, fewer agents will preview your home. After all, they are Realtors, and it is their job to know local market conditions and home values. If your house is dramatically above market, why waste time? Their time is better spent previewing homes that are priced realistically. If you start out with a high sales price, then drop it later -- your house is "old news." You will never be able to recapture that flurry of initial activity you would have had with a realistic price. Your house could take longer to sell. Even if you do sell at an above market price, your buyer will need a mortgage. The mortgage lender requires an appraisal. If comparable sales for the last six months and current market conditions do not support your sales price, the house won’t appraise. Once your home sits on the market awhile, it is harder to get a good offer. Potential buyers will think you might be getting desperate, so they will make lower offers. By overpricing your home in the beginning, you could actually end up settling for a lower price than you would have normally received. |
Angelika Jones (208) 726-3317 office
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Seller
Tips