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H2K's Arizona Real Estate Blog

• October 20, 2008 - "Do" it Right

Real estate is a cyclical business. Market conditions change over time creating a selling environment that sometimes favors the seller and at other times the buyer.

Most of the country
today is experiencing a buyer's market. This means there are affordable interest rates and the inventory of properties is high. In other words, buyers are getting more for their money and have lots of homes to choose from.

Faced with that type o
f market, what can sellers do to make sure their home sale experience is a successful one? The answer: plenty. Here are just four things you can do to increase your odds of a profitable sale.

Do hire a real estate professional like the Homes2Know Team to represent your property. Our expertise can be invaluable when it comes to assessing the marketplace, crafting an asking price, staging your home for sale, screening buyers and negotiating the offer. In a buyer's market you need a leg up on the competition.

Do understand the market conditions and the different factors at play. Learn as much as you can about the buying and selling process. The more informed you are the better.
Do everything you can to make your property look its best. This may include upgrading the landscaping, painting, making repairs and replacing outdated features. If there are larger projects you are not willing to undertake before you move, such as a new roof or asbestos remediation, make sure you understand how this may affect your negotiations and ultimately your sales price.

Do price it right. This is probably the most important factor in helping your home sell. Price it too low and you won't make the most on your investment. Price it too high and buyers won't be bothered. In fact, your property could end up languishing on the market. Instead use a Competitive Market Analysis and your real estate professional's expertise to help your listing move.

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Paul & Randy are the Homes2Know Team & this is our Blog. Our Blog is designed to be a resource for buyers, sellers, homeowners, and those relocating to the Phoenix area.

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