How To Price Your Home For a Quick Sale
So your neighbor’s home sold above list price, in a less than a week early in 2006 - in today’s market no way....
.... that’s because California has moved in the direction of a buyer’s market, so buyers now have more properties to pick and choose from. In fact many sellers can expect to wait as long as seven or more months on the market, according to the CALIFORNIA ASSOCIATION OF REALTORS.
Before you go and put your house up for sale, you need to carefully consider pricing your home properly. Here’s how to do it:
Take a step back:
The new owners don’t care how much you paid for the home, or how long it’s been in the family. Your home’s value is decided by how much a capable buyer is willing to fork out for it. Your emotional attachment to the home should not factor into the process of determining the price.
Research:
Prepare a comparative market analyses (CMA) of properties similar to yours that recently sold in your neighborhood, as well as homes that failed to sell and their listing prices. Title Companies such as First American Title can help with this, you don't need a Realtor to do it. You can go to sites such zillow.com or trulia.com to see at what prices similar homes are currently listed. You can get an extremely comprehensive market analysis of sales trends in all of San Diego county by going to San Diego County Market Analysis.
Emphasize all the Assets:
Does your home have a view? Have you done any remodeling since you bought it? Is it in a good school district? How far from the ocean is it? All these assets will boost your listing price. Keep in mind buyers are choosier these days and can afford to be in this market.
In a buyer's market you have to be able to meet the needs of the buyer. Many times this will include financing or qualifying for financing. If you have even as little as 10% equity in your home, offering owner financing can significantly improve your listing over the many others that are listed. Sign up for my free e-course to learn all about Owner Financing and how to use it to your advantage. Preparing Your House for Show:
The house must be clean, think minimalistic. People want the space to be open and free of clutter. Also, you must get rid of your own personal photos. Buyers need to imagine themselves in the house, and your photos are a distraction to that. For more helpful hints sign up for my free e-course. You will learn how to stage and prepare your house for a quick sale.
If the prospect of selling your house and dealing with the hassle of open houses, disappointing offers and fickle buyers seems like too much trouble, visit my website www.SDHomeSaver.com for an instant offer on your house or email me directly at SDHomeSaver@gmail.com.
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