Selling
Your Home?
There are
many factors that affect how quickly your home will sell
and how to set its value. Let's look at a few of the more
important aspects of selling a home:
What's
the Condition of the Property?
The
better the home is presented the more successful the
selling process will be. For instance, if the house
needs a new roof or is peeling paint, taking care of
these problems before you list your home for sale
should speed along the eventual sale.
Price
Many
times a home that is overpriced will sit on the
market for many months while similar homes are being
sold. The best way to price your home is by doing a
Competitive Market Analysis (CMA). Your REALTY
EXECUTIVES agent will provide this for you.
Financing
If
financing rates are too high or if the seller
requires a larger down payment than is customary for
the area, then the financing may delay the sale. A
skilled REALTY EXECUTIVES agent will be able to help
a seller in this often confusing process.
Market
Condition
Timing
also is a factor that affects the sale of your home.
It may be a sellers' market or a buyers' market. No
one can change market conditions at the time the
property is for sale. An experienced REALTY
EXECUTIVES agent knows the market environment and
will advise you on the best strategy to sell the home
based on current conditions.
Competition
Every
buyer makes his or her decision about which home to
buy and how much it is worth by comparing it to
similar property that's for sale in the area. The
current competition always affects the buyer's
opinion of your home and what it's worth. So, the
question is, what other choices does a buyer have and
how does your home compare to others that are for
sale?
Promotion
Promotion
is the ability to bring buyers to your property. This
includes traditional marketing methods such as
advertising. One of the strengths of REALTY
EXECUTIVES is that our agents are constantly in touch
with people who want to buy property.
It is important to note that even the very best
promotion has its limitations, because promotion
cannot overcome the first five factors if they are
out of balance.
So,
as you try to sell your home, it's important to first
determine if...
The home is presented well...
The price is set right...
The financing is handled correctly...
The market is buyer or seller driven...
Your property compares favorably to
others that are available.
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