Friday, September 7, 2012

The Home Selling Process: Determining Value of a Property


Let’s begin with this direct statement:

I am not the one who decides how much your home is worth.   The market does.

It tells us exactly where to price your property to sell and how to approach the marketing of your property.   Here are the factors that will affect the value in today’s market:

Price
Pricing your home properly from the start is the deciding factor on how long it will take to sell it.

Location
Location is the single most important factor in determining the value of your property.

Condition
The condition of the property affects the price and the speed of the sale.
As prospective buyers often make purchases based on emotion, first impressions are important. I’ll be able to help in optimizing the physical appearance of your home to maximize the buyer’s perception of value.

Competition
Prospective buyers are going to compare your property – both the condition and the price – to the other listings in and around your neighborhood. Those buyers will determine value, based on properties that are listed or have recently sold in the area.

Timing
Property values are affected by the current real estate market. Because we can’t manipulate the market, we’ll collaborate on a pricing and marketing strategy that will take advantage of the first 30 days your property is listed. It’s the  window of opportunity when buyers and their agents discover your property and are most likely to visit and make offers.

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