Why Do Some Homes Sell Quicker Than Others?

They are priced right.  Pricing is usually the number one determinant as to how long a home will be on the market.  Obviously, the property has to be priced competitively, but do not set the price based upon what you heard a neighbor received for their home. Adjacent homes can be radically different. They both may have the same floor plans, but improvements, a more desirable location in the neighborhood and other seemingly small variations can make a significant difference when it comes to price. Also, how a home is staged for the market carries a great deal of weight in the ultimate price received.

 In considering the right price, one of the most important traits you need is objectivity.  Homeowners, naturally, have an emotional attachment to their home, and because of their feelings they oftentimes overestimate what their home is worth.  Despite the attachment, try to be practical and logical. Make a competitive study of recent sales that are comparable to your home. Evaluate price per square foot, age, condition and location.  Also functional obsolescence and major updating could have a great impact upon pricing. 

Remember, that the value of your home can be impacted by developments that are not yet in place.  Is there vacant land nearby? If so, what businesses or structures will be erected there in the future? Is it a desirable addition to the neighborhood? If there is vacant land, visit the local planning and zoning commission to see what might be built. You can always call a local real estate professional who knows your neighborhood to explain the elements that go into pricing and why.  Ask that person about a CMA (comparative market analysis) and what it means. 

Source:  Mitchener/Skye

Mary and Joe Skye are real estate consultants devoted to serving those who desire to buy or sell a home.  They share a common goal of serving buyers and sellers above and beyond expectations.  It is this keen desire to serve and develop relationships that motivates them to constantly be aware of any opportunity to better serve their customers. 

Mary and Joe in striving to do the extraordinary differentiate themselves from the ordinary with the result being that approximately 85-90% of their business is referral and repeat business.  It is with this in mind that Mary and Joe offer their real estate expertise to all buyers and sellers who need real estate assistance.  In today's challenging marketplace you need someone with a proven record - you need the SKYE TEAM.  Let their 40+ years of combined experience in the real estate industry work for YOU!  

Come on and enjoy this great South Texas adventure in Real Estate.  Feel free to add your comments and suggestions.  Check out Mary and Joe's website at:  www.TxHomeSearch.com.

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