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.
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