Archive For November 12, 2016

How to price your home right!

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When the time comes to sell your home, one of the biggest mistakes that owners make is to attach their love and emotions for their place to the sale: everyone believes their house/apartment is better than their neighbors’, therefore some sellers believes that their home should be the most expensive one in the building or in the neighborhood; yes, sure, you have done some upgrades… great upgrades… but the value of the property is mostly related to other factors (like location, current market, etc.) and those upgrades can only increase the value of your property in proportion of their costs.

There are few things that can help you, the owner, to get a more objective idea of the value of your home. First, you should ask your realtor for comps (comparisons with other available or recently sold properties) in the area, secondly, you can also have your home appraised by a licensed appraiser.  These two ideas will help you to price your property right.

If your property is in good condition, if the price is right, if you are flexible with showing schedules, and the property is advertised to the right audience, chances are it will sell faster in an healthy market: selling a property is hard work and it takes lots of time to organize and do everything right (advertise, scheduling appointments, showings, negotiating, etc.). This article from KCM give us an idea on how Appraisers and how owners price properties.

 

 

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