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Pricing Your Home!
The value of your home will be whatever a qualified buyer is willing
to pay for it.
Note: Determining this value is not an
exact science. Your home is compared to previous sales and competitive
listings, adjustments made for the differences, and the result
is an estimate of value.
The five crucial parts of determining the value of your home
are 1) location, 2) the condition of your home, 3) competitive
pricing of comparable properties offered for sale, 4) the local
market conditions and, 5) the pricing and terms under which
your home will be offered for sale.
As you can largely influence only two of these factors, you
need to be especially sensitive to the appearance and condition
of your home, on which you can have a considerable impact, and
both the price and terms under which the home will be offered
for sale.
Make sure your home is in the best possible condition both
from the point of view of "curb appeal," that is outside,
and interior condition and appearance. Try to look at the house
you wish to sell objectively. Your real estate broker can help
you in this regard and can make some strong suggestions as to
the priority of refurbishing, remodeling and fixing-up, and
can let you know the relative return you can expect from your
investment in each of these areas.
The Price
The price needs to be 1) realistic enough to encourage a purchase
agreement from a buyer, and 2) in the range of comparable home
sales and current competing listings. Setting too high a price
could delay a sale. You can utilize a real estate broker to
do a written market analysis documenting the value he/she suggests
through comparable sales and listings. We recommend you get
two such reports from different real estate companies. Remember
that many features which you like may not appeal to others.
Often you do not recoup the costs of home improvements dollar-for-dollar.
Put yourself in the shoes of a buyer who is comparing your home
to others currently for sale and make sure your price is competitive.
Reports available for
download:
To save, use right click and "save as". To open just
click link.
5
Powerful Buying Strategies
9
Deadly Mistakes Homesellers Make
How
To Get Top Dollar In Any Market
Making
the Move Easy on the Kids
Six
Ways To Beat The Stress Of Buying A Home
Some
Different Reasons to Own Your Own Home
Things
You Should Know about Moving
When
Selling a Home
Getting
Your Finances in Order
Closing Costs
How
Much Can You Afford?
Leveraging
Your Money
Saving
for the Down Payment
Different
Types of Loans
Your Credit
History
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