he most important factor you live in an area that has very
that needs to be taken into few homes. You need to understand
consideration while selling that although homes located in
a home is probably the price tag your neighborhood may be similar,
that you set for your home. You their prices may vary depending
need to set a price that reflects on their exact location across
the real value of the home. You major streets, freeways or
might consider overpricing the railroads. Make sure that
home, but this is unlikely to comparison is done with homes
attract top dollars, as the home having similar square footage.
is most likely to lose its appeal Only those homes need to be
after the first two to three considered that were constructed
weeks of showings. On the other more or less at the same time
hand, under-pricing might not when your home was build.
pose a major problem, as homes
priced below market value often For more information, you can
receive multiple offers, which look at past listings and compare
then drive up the prices. You the original list price with the
need to understand that pricing final sales price in order to get
is all about demand and supply. an idea about average price
reductions. Add the value of
For determining the existing extra amenities or upgrades that
market value of your home, you your house offers to the average
need to look at prices of other price for determining the gross
similar homes in the neighborhood market value of your home. While
that have been listed over the going through past listings, try
past six months. Prices of only to ascertain the reasons as to
those homes are to be considered why some homes did not sell;
that are within half a mile of whether it was due to the
your home and no further, unless discount brokerage firm, the
dilapidated condition of the house according to existing real
house, the location or any other estate market scenario. For
reason. Compare listing date with example, in a buyers’ market, if
the date when a particular home the gross value of your home is
was actually sold for determining around 150,000 dollars based on
the average number of days it prices of other similar homes in
takes to sell a home. the neighborhood, you can quote
your price somewhere around
You can tour some of the homes in 145,000 dollars. On the other
your neighborhood that are hand, in a sellers market, the
currently listed and note down same home can be priced anywhere
the things you like or dislike between 150,000 to 165,000
about them. Things that you like dollars. In a balanced market,
about these homes can be you can set your price somewhere
recreated in your own house for around the price of the last
attracting the right kind of comparable sale after making
buyers who will be willing to pay adjustments for current market
top dollars. Always remember that trends. For example, if the last
other homes that are currently comparable sale happened two
listed are competing with your months ago and prices have edged
home and you need to adjust your upwards at the rate of one
price accordingly. percent per month since then,
quoting a price of $153,000 would
After collecting and analyzing make sense.
home listing data, you need to
adjust the gross value of your
About the Author:
We will buy your house As Is Now in any condition including Ugly Homes. If you need to Sell Your Home Fast Orlando, Jacksonville, Atlanta, Charlotte, Cincinnati, For Lauderdale, Houston, Tampa and Fort Myers. Visit us at http://www.asisnow.com/main.php?page=home. Call 1-800-AS-IS-NOW (800-274-7669).
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Kris
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