Understand the Market to Price Your Home

What the current market is like today will be another factor to note.

We Buy Houses in Any Condition –  James Island SC: To put a fair and accurate price on your house for sale you must first understand what‘s happening in the today’s real estate market. In order to understand the market you must study it. Look at sales of similar properties that have sold recently. Don’t go back too far in your research. You will want to stay within 3 or 4 months and no longer as the market changes so frequently these days.

Find at least one house that has sold in the last month or so and take a trip over there. Take a good look at it and see what it has that yours has. Now observe what it has that yours doesn’t. You will be taking all this into consideration when you price your house for current market trends.

“The longer you have your house listed, the more you should be ready to negotiate and perhaps even drop your price.”

What the current market is like today will be another factor to note. As a seller in a slow sales market you’ll need to be prepared to offer some unusual and generous terms and perks to buyers. As a way to attract buyers, try offering a home warranty plan or perhaps a year of lawn maintenance by a professional landscape maintenance company. By spending around $300 or so you might make a sale. It will be well worth what you spend to make it happen.

The longer you have your house listed, the more you should be ready to negotiate and perhaps even drop your price. The reason it’s for sale will make a difference, too, since that will determine whether or not you can wait until you get the right buyer. In desperate circumstances you won’t be so fussy about who looks at the property. You just need to sell it. If a buyer qualifies for a loan and offers you a decent amount you’ll most likely take it.

Are repairs necessary to your house before you sell it? Are you planning to sell ‘as is.’ In the current market, people are fixing up and cleaning up like never before. There are few buyers out there, so give them what they want if you absolutely must sell.Remember to allow the buyer to negotiate a drop in price to account for any repairs that they must make once they take possession of the property. The money that is needed to make the place more livable will be a fair negotiating point for the buyer and you.

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