Tuesday, May 31, 2016

SETTING A SALES PRICE CAN BE TRICKY

There are many factors to consider when pricing a home.  If a homeowner over values the improvements, or puts more value on a view or location, they can easily overprice the home and thus discourage not only offers, but even showings of the property by agents representing their buyer clients.  If a seller is too anxious to move or doesn't understand the value of a new kitchen or bathroom, two very in demand improvements, they could undersell their property and leave thousands of dollars on the table.  This is why a real estate expert is so important.  Not only are they impartial about value, but they see things the owner cannot.  Of course recent sales must also be accounted for and considered.  But it is very important to understand that comparable sale and why it might have been higher or lower than your subject property so it can be properly explained to an appraiser when the time comes.  The first 30 days a property hits the market is its best time to generate excitement, showings, and previews.  Making sure your property is correctly perceived is more crucial than ever.  Professional photography, including drone coverage when applicable on a larger, more exclusive property, will show off your home to all those internet shoppers mentioned in an earlier paragraph.  We are a global housing market and a house has to dress the part.  

1 comment:

  1. Hello Everybody,
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