How can I avoid mistakes in pricing my home?
The best way to avoid mistakes in pricing is to consult with
a real estate professional who is highly skilled in value estimation
and well informed about overall market trends and nuances.
In most cases a broker’s opinion of value, also known as
a market analysis, will be more appropriate than a “highest
and best value” report which is also known fee appraisal.
A market analysis is usually offered by a Realtor without cost
to the homeowner as an accommodation to seek future brokerage
business. But beware, many Realtors have little skill in value
estimation as evidenced by homes that sell for too little or not
sell at all.
A comprehensive market analysis – such as the one we offer
– will show you a range of values that the market is currently
paying for homes similar to yours. Our report will temper the
comparable sales value range with at least three other approaches
to value estimation and offer you suggestions about how to improve
your home to increase value and price in the marketplace.
We are often asked if pricing should consider room for negotiation.
The answer is usually “Yes”, but the art is putting
in just enough room for play without over-pricing a home to the
point that it is not shown and sold. Generally, a correctly priced
home sells at or within a few percentage points of full listed
price.
Should I consider selling my home without a Realtor?
Occasionally this can be a viable or best course of action. If
you have little or no equity, or if you have the one in a hundred
homes that everyone wants to buy due to perfect location, perfect
style and perfect condition, this may be a workable choice for
you.
But remember, you will need to do the work, bear the cost, take
the time and take the risks of this undertaking on your own shoulders.
You will have no expert with whom to consult or turn if the sky
becomes stormy.
Ask yourself a few qualifying questions. “What is my time
worth?” “Am I knowledgeable enough and do I have the
right skills and temperament to go the distance alone?
How can I sell my home for the most money in the shortest time?
Maximizing your home’s appeal and preparing it for sale
is equally as important as proper pricing and marketing. After
all, people buy a home as much with their eyes and heart as they
do with their minds and their checkbook.
As part of our services to our selling clients, we spend time
in the beginning to help you make the small fix ups and presentation
of your home that will pay off with a quicker sale and a better
selling price.
During our twenty years of selling homes we have learned about
buyer ‘hot buttons’ and ‘turn offs’. We
can offer you simple ideas that with no to low cost can make big
differences in how a buyer views your home. We can also refer
you to service and home product providers if needed.
We give you options; you decide what to do or not – you
are always in control.
How do I choose which Realtor to sell my home?
You can choose to try to sell your home on your own. You can
choose to hire a typical sales person. Surprisingly some sellers
simply hire a friend or relative even if they have no brokerage
experience.
You can also choose to hire a professional real estate consultant
who has the experience and work ethic to provide you with a better
selling experience and end result. Find someone who will guarantee
their performance in writing – not in empty words.
After you review the information offered in this web site, we
suggest that you visit with us and compare what we offer to what
other Realtors offer.
How long will it take to sell my home?
It is impossible to answer this question without first seeing
your home and knowing the prevailing market conditions including
supply and demand that will impact your sale.
This will also depend to a great deal on what price you decide
to place on your home and how well your home shows to prospective
buyers.
Based on all of this information and our extensive research,
we will be able to give you a good idea of how long it will take
to sell your home before you place your home with us for sale.
If anyone claims that they can ‘ball park’ a time
to sell or a price without first thoroughly reviewing your home
and the current market, you should be very skeptical and consider
carefully what type of service and performance you will likely
encounter from them during the selling process.
How will my home be shown?
When you place your home for sale with us, most if not all of
your showings will happen by prior appointment. If you allow,
you home may also be shown without a prior appointment when you
are away.
We encourage our sellers to plan to be away from their home when
it is shown so that the prospective buyer can see your home without
the psychological discomfort or distraction that may result from
your being present.
It is customary and advised that all homes for sale have a digital
key accessible lock box to allow for keyed access to your home.
Should I plan to have my home held open on Sundays?
Open houses are usually an important component in the marketing
mix.
How many are needed? This depends on many circumstances including
buyer demand, showing activity, location, condition and your desires.
We encourage an open house shortly after your home is placed
on the market for sale to help announce its availability. We typically
suggest further periodic open houses during the course of the
marketing period.
Many sellers and their Realtors over-rely upon open houses to
sell their homes. Unfortunately this can work to their disadvantage
by reducing the number of showings by appointment and giving the
appearance of eager or desperate sellers.
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