Posted by Manager on April 15th, 2008
Whether you are selling your home with flat fee MLS or you’re selling on your own or with a real estate agent, it is essential to price your home to sell. Simply put, the only way that you are going to be able to sell your home is to know that you are selling your home for the appropriate value - the amount that will bring buyers in and make them feel good about making the purchase.
When you set the right price for your home you’ll find that there is more interest in the property - open houses will be noticeably better attended than they would be if you had overpriced your listing; too high a price is a major turn off for buyers. However, the flip side of the coin is true as well. When you set a price for your home that is too low, buyers are going to be turned off as well.
When you price your home to sell, what you are ultimately doing is showing buyers that you understand their needs and what they are looking for; that helps to establish trust. Likewise, when you set the right price for your home, you’ll find that it shows agents who will be showing your home that you understand the market, that you’ve done your homework and that you’re ready to make the sale.
When you set the right price for your home, what you’ll find is that the process of selling becomes a lot easier to manage.
Posted by Manager on May 16th, 2007
Sellers need to consider the price of homes and factors that affect them when planning to sell a property. Buyers should be aware of what contributes to a home price as well.
Each of the following will have an affect on price:
- Location. The exact same home in the same condition may have a different priced based on its location. This is true whether you’re comparing homes in Baltimore and Boston or just from one neighborhood to the next;
- Condition. A home that is well-maintained will sell for a higher price than homes that are in a state of disrepair;
- Market Conditions. Unfortunately, when the market has slowed, properties - even when well-maintained and in a great location - will sell for a lower price.
Of course, there is another contributing factor as well: incentives that the seller offers. If the property is near a marina, offering a slip as an incentive may help your home to sell for a higher price.
Flat Fee Realty
Learn more about the price of a home.
Internet Home Services Real Estate Blog
Posted by admin on February 23rd, 2007
Buyers gain access to the best homes on the market
IHS Realty Offers Buyers the Best Homes on the Market
Subscribe to IHS Realty’s MLS Flat-fee service and receive email updates on homes for sale you’re looking for.
With a simple interface to work with, you can specify your location, price range, specification and we will do the rest - there is no need for you to continually search the listings as we will do all the work for you - at absolutely no cost to you.
Subscribe today here and start getting emails for homes you will want to buy.
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Posted by admin on January 28th, 2007
Then refuse to listen to solid advice
If you aren’t getting many showings or offers - that’s a sign.
Most people think that if their home isn’t getting shown enough - it MUST be the agent’s fault.
Well, you shouldn’t blame your agent for everything. Sometimes, home sellers just aren’t paying attention. They’re not paying attention to their agent, the market or the buyer’s who are telling them they are just priced too high. In a word, it’s easy to get attached to the fantasy that somehow your house is worth more. Don’t be taken in by it.
First, you need to get a comparative market analysis of your house to see what other houses in the same neighborhood with similar amenities have sold for. Then, and only then, should you set a price. Don’t base it on what sold last year. Your comps have to be recent enough to give you a decent view of how the market is operating today. Otherwise, you could end up overpricing your house and an overpriced house won’t sell.
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Posted by admin on January 25th, 2007
Know what other homes have sold for and get an appraisal on your home.
The single biggest reason for sale by owner homes fail is
because the owner has set an asking price far above what other
houses in the neighborhood have sold for.
If you have your for sale by owner house overpriced, don’t rush out and hire a real estate agent to represent you thinking that he or she will sell your house for what you are asking. The first thing your real estate agent will do is order an appraisal and check comparable properties to see what other homes in your neighborhood have sold for recently. You should do the same.
You want to set a realistic price on your house. Otherwise, you may not even get any calls to show it. If your listing shows your house priced well above other homes in your area, potential buyers will not even call. That’s why it is important that you set the right price before you list your home.
There are two primary and very effective methods for arriving at the right price:
- Comparative Market Analysis
- Appraisal
Good thing for you that you can order both of these online.
See Also
- Tips On Pricing Your Home
Learn more about pricing your house right with a comparative market analysis or electronic appraisal.
Posted by admin on November 26th, 2006
Avoid this mistake by studying the market before you list your house
The biggest mistake sellers make is to overprice their home. Simply put, overpriced homes don’t sell.
If you’ve had you house on the market for 90 days or more and haven’t had any offers, there’s a good chance you my be overpriced. If you haven’t had so much as anyone come to look at the house, it likely is overpriced. Buyers will not waste their time to view a home that they perceive is overpriced before even looking at it.
Unfortunately, many sellers who try it on their own end up going to a real estate agent and they don’t have to. If their house doesn’t sell, they think it’s them. It could just be the price. Before rushing out and picking a real estate agent, doing comparative market analysis to see where market prices for similar homes to yours are. If you see a sizeable difference in price between your house and other that have sold in the last six months, then you’ve probably got your overpriced.
See Also
Posted by admin on September 18th, 2006
Ensure that you price your house correctly
How do you price a house for the market? FSBO sellers have struggeled with that issue since the very beginning. It’s not as hard as it looks.
It may seem that real estate agents have an in-road to pricing just right, but that’s not the case. Many times, agents get it wrong and have to go back to the drawing board, just like FSBO sellers.
You can discover the right price to your house with our electronic pricing assistance tool. Ultimately, you are the judge, but our pricing assistance service can be a big help. Try it out today.
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