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Don't drop the price of your home yet
Monday, October 22, 2012
Do you have a house to sell? Maybe you have had it on the market for several weeks. The realtor wants you to drop the price of the property. It could be tempting, but often that is not the answer. When you first listed the property, the realtor did a market analyzes on the property. This gave you a good idea of what your home was worth. He compared other sold properties in the area. Often the realtor will throw out the lowest and highest comparables. They will then average the prices to come out with the medium price. If you listed your home at a fair market price, you might want to wait a little longer before dropping the list price.
If you only change the price by ten thousand dollars, you will not get a lot more people to look at your property. Most people have a price range they are looking in. They shop for homes with the idea of what their monthly payment will be. Dropping the price ten thousand dollars will not change their payment significantly. Often only a $100. Most people will not think that is enough to look at your home.
Staging is a popular way to get a home sold. It is a good idea to have a professional come in and look at the property. They might suggest putting away all the family pictures. The new buyer wants to picture themselves in the property. Clutter and deferred maintenance can also deter buyers. They don’t want to think they are going to have a lot of repairs after they move in. It is a good idea to fix that broken window, or replace those singles. It might take a little bit of money, but in the end, you will be the winner.
There are some good articles under the title of “sell my house quick
”. It is a good idea to check them out. They might offer some ideas that can get your home sold without lowering the price. In today’s market, homes are selling for close to the asking price. Inventory is low and homes in the mid range are going fast. It is a different market then it was a year ago.
People who place adds that say “sell my house quick
” are often able to do just that. They are in the business of buying and selling. It is worth checking out. No one needs to cut prices in this market. It is beginning to stabilize. It is a good time to be a buyer, but also a seller. In the spring of 2013, the market might see a increase of homes, so now is a good time to sell.