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Create A BlogSearchHomesOnTV.com Helps FSBO's Price Their Homes Correctly! |
In today's real estate market pricing is key! The price rational used a year or 2 ago may not still apply to your area or situation. It's key that you don't overprice your home, which can be the kiss of death. Once the
price is out there, even if you lower it, it sends a bad message to buyer's and agents so price correctly from the beginning! Over-pricing is the biggest reason many "For Sale By Owners" don't sell their homes. Biggest point to remember is that it's not what you think your home is worth, it's what a buyer is willing to pay based on comparable homes on the market.
One easy way to price your home correctly is to use a service like www.eappraisal.com which gives you sold home prices based on your criteria in an instant. This information compares other homes, similar to your own, that recently sold for in your neighborhood. Talk to the home sellers, and buyers and compare home features and upgrades as well. If your house has more features or other desirable qualities, you may want to set a slightly higher house selling price, if there are not a lot of homes for sale in your neighborhood.
In most cases you set your asking price slightly above current market value. In a slow market you should price aggressively if you really need to sell quickly. Remember something you think is important as a feature may not be to a buyer. Example: New construction in your neighborhood with basic upgrades is selling for $100.00 a square foot, and there are 6 new homes for sale. Your home, which is 2 years old, has granite counter tops and upgraded cabinets. A buyer will probably buy new in this scenario than pay more for your home depending on your market. Also, a good rule of thumb is to find out what incentives builders are offering. If the builder is offering $5,000.00 in closing costs you may want to offer something similar as well.
So don't let pricing kill your For Sale By Owner home selling efforts! Use the tools available at www.SearchHomesOnTV.com to sell your home and save thousands in commissions!
