| When it comes to the asking price, the goal is to | | | | walls, epoxy coated garage floor, swimming pool, |
| price your home to what the market can afford. | | | | fireplaces, etc. |
| This should be an equal satisfaction from both the | | | | - Simplicity - Use the concept of Keep It Short |
| buyers and sellers in that the buyers are happy | | | | and Simple (KISS). Not contingencies, flexible |
| with how much they paid and the sellers are | | | | showings, flexible move-in-dates and work with |
| happy with how much they profited. Having said | | | | your Realtor. |
| this, a knowledgeable real estate agent will be able | | | | If there is one thing that you want to be careful |
| to assist you in determining the sales price. The | | | | of, it's overpricing your home. If you over price, |
| quickest and general way is to have your agent | | | | studies show that it will do two things: |
| pull a Comparative Market Analysis (CMA). A CMA | | | | |
| is when an agent performs a detailed analysis of | | | | 1. Take Longer To Sell |
| the of a home's worth during a specific period of | | | | 2. A Possible Reduction in Price |
| time. It's a snapshot! CMA's can tell you many | | | | So, you have to ask yourself, do you want the |
| different local market details such as: | | | | most amount of money for your home in the |
| - The Average Number of Days A Home Sits on | | | | shortest amount of time, or do you want a lesser |
| The Market Before It Sells | | | | amount of money over a longer period of time? |
| - Sales to List Price Ratios | | | | It's an obvious questions, but still it's a question |
| - How The Home Amenities Can Be A Valuable | | | | that you need to ask yourself when purchasing a |
| Factor | | | | home. |
| Some things to consider when selling your home | | | | Finally, we know that many people think they can |
| are: | | | | do everything on their own. Pride is a big thing, |
| - Time - Time is generally not on your side. The | | | | right guys? If you choose to make the most |
| market can fluctuate any time any hour. The | | | | amount of money when selling your home, then |
| longer a home sits on the market usually earns a | | | | consider using a real estate agent in traditional |
| lower offer. | | | | equity sales, short sales, foreclosure, investments |
| - Value Vs. Cost - No home what value your | | | | and more. National Association of Realtors (NAR) |
| home is worth, but don't confuse it with how | | | | has reported that typically, when a seller uses a |
| much you think you should get. Buyers and sellers | | | | Realtor, they earn approximately 16% more than |
| see value in different ways. For example, | | | | trying to do it by themselves, which in the |
| hardwood floors, granite countertops, painted | | | | industry is known as For Sale By Owner (FSBO). |