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Advice to Help Your Home Sell Quickly

Advice to Help Your Home Sell Quickly


I once said, “You never get a second chance at a first impression.” While I was talking about people, it is also applicable to houses, especially when they are on the market for sale.
It is important to make sure that the first impression is a favorable one. That’s the purpose behind this article.
 
PRICING YOUR HOME
  
 RULE: EIGHTY PERCENT OF THE WORK OF MARKETING YOUR HOME IS DONE THE NIGHT YOU DECIDE AT WHAT PRICE TO LIST YOUR HOMEBuyers today purchase homes by comparison and will usually make an offer on a fairly priced property BEFORE making a low offer on an overpriced listing.

TIME:
Chances are that your home will sell at its fair market value. Pricing it realistically at the outset simply increases the likelihood of a timely sale with less inconvenience and greater monetary return.

COMPETITION:
Todays buyers educate themselves by viewing many homes. They have access to the internet and can comparison shop from the comfort of their homes. They know a fair price. If your home is not competitive in value with those they have seen, it will not sell. If your home is not priced within the correct range, it very likely will not be exposed to its potential or targeted buyers.

REPUTATION:
Overpricing causes most homes to remain on the market too long. Buyers, aware of a long exposure period, are often hesitant to make an offer because they fear “something is wrong” with the house. Often homes that are on the market for a long time eventually sell for less than their fair market value. There is a definite relationship between time on the market and a lower selling price.

INCONVENIENCE:
If overpricing keeps your home from selling promptly, you can end up owning two homes — the one you’ve already purchased and the one you’re trying to sell. This can prove costly and worrisome, as well as inconvenient.

IF YOU ARE UNWILLING TO LIST YOUR HOME AT, OR JUST BELOW THE CURRENT MARKET VALUE, YOU ARE HONESTLY BETTER SERVED TO NOT PUT IT ON THE MARKET AT ALL, ESPECIALLY IF YOU WANT TO SELL IT WITHIN A REASONABLE AMOUNT OF TIME.

 

2 Responses to “Advice to Help Your Home Sell Quickly”

  1. admin on May 4, 2010 @ 6:08 pm

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  2. admin on May 4, 2010 @ 6:08 pm

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