Selling Quickly and Easily
When you are selling a house, price , condition and exposure are
usually the three most important factors. This is especially true
in a down market.
Price
Your asking price is based on two things, an appraisal and a comparative market
analysis. A certified appraiser performs the appraisal; this is an estimate
of the value of your house at a given time. The real estate agent does the
comparative market analysis; this is an informal estimate based on comparative
homes in your neighborhood. These two sources need to be kept in mind when
determining your asking price. You want to be careful not to start too high,
or come down too low. Also, the market is always changing and fluctuating,
so be sure that your asking price is based on the most recent appraisal and
comparative market analysis. Your real estate agent can help you price your
house so that it will be attractive to buyers.
Condition
Making sure that all cosmetic defects are repaired before showing your house
can help you save time by not losing a buyer over a small repair that could
have been easily fixed prior to the showing. This is especially important when
in a buyer's market. When buyer competition is low, buyers are able to be pickier
about their new home and can be easily turned off by simple repairs. The better
the condition of your house in relation to your asking price, the faster it
will sell.
Exposure
Once your house is priced attractively and all minor cosmetic repairs have
been fixed, it is time to talk about exposure. You could have the most beautiful
home with a reasonable asking price, but if no one knows about it, neither
price nor condition will matter!
Your real estate agent can expose your home through open houses; broker open
houses, advertising in the newspaper, and by listing it on the multiple listing
service. All of these things are part of the service of having your own personal
professional real estate agent. |
