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Monday 26 December 2011

Having Home Pricing

By Lucretia Prentiss


Just last week, the 30-year fixed interest rate went even further to decrease in a rate of 4.27%. For the people to invest in a new home for themselves, there are many people who are prompted to consider placing their homes on the market. The need for you to price is one of the most important things to determine BEFORE placing your home on the market. If you are giving out a very high price then the chance is that, your home may sit in the market for so long.

When pricing your home to sell, there are several things to keep in mind, and this is accorded to our very own Keller Williams Realty Northeast real estate agents. In your area, you need to do some research on the homes sold out recently, one that is having the same size and that offer similar amenities as yours. On the basis of a market value, there is a need for you to price it slightly lower if you really want to quickly sell your home. After giving out a price that is too high because you unrealistically was thinking that your home should be considered much higher in value, you have to run the risk of having to lower your price in 30 days because you aren't getting any interest at the higher price point. From the start of the process, prices should be realistic. Actually, you may end up with a better sales price rather than, having a price that is higher and the need to reduce it. The buyers may probably think that there's something wrong the moment they knew that the home is reduced in price.

In your area, another way to decide a good sales price is by attending to some simple open houses. Going inside a home provides you a better idea of how your home compares. Attending to open houses is also a way for you to recognize how other homes are being presented to buyers. You can get some important ideas on how to present your home to sell if you do this.

If you use some updated appliances and other features, this can contribute to your higher prices. For some repair projects, now is the time to fix them. Even the minor repairs can make a big difference in creating a buyer's impression. Your prospective buyers will often wonder what bigger problems may lurk below the surface, after knowing that there are some small issues to the home you are selling. At the end of the day, you are creating second hand thinking towards the minds of your buyers.

Importantly, you should not give sales price that is too "personal". There is no direct proportionality on what you paid and on what you can gain, meaning, just because you paid on X amount of dollars or owe X amount of dollars, then it doesn't mean that it is what you will actually get for your home. Pricing your home on the basis on what is happening with the real estate market is much more important.




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