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Four Things Real Estate Agents Want Sellers To Know
- Pricing really
is critical.
It is a proven statistic that pricing your home too high typically ends up
garnering a lower net than pricing slightly under market, driving a
bidding war. Listen to your real estate agent when they advise you
on pricing. They aren't pulling that figure out of thin air.
This is what we frequently hear, "I'll price it a little high
and see if I get any bites. If not, we can always drop the
price." While this approach seems harmless enough, it can mean
the difference between selling your home in
30 days and selling your home in
6 months. The best window to sell your home is
within the first 30 days of going on the market. It's a fresh new
listing during that time which, by default, tends to drive traffic to your listing. If it's
priced too far over market value it can't compete with the comparable listings. So
your home sits on the market until you
decide to drop the price. At this point potential buyers are
wondering if there's something wrong with your home. 'Why has that
home been on the market for so long? Something must be wrong with
it.' If you want to sell quick, price it just under market value.
Notice we said 'just under'. Too far under market value and it
raises flags to potential buyers. Once
again, they might assume there is something wrong with your home.
- Curb appeal
really does matter. Think of curb appeal in terms of first
impressions. When you meet someone you form an initial opinion of
them in the first 30 seconds based solely on how they present themselves.
The same holds true for your home. We're not saying you need
to drop thousands of dollars on landscaping, but you do want your home to
have the appearance of being well-loved and cared for. Pull weeds,
paint your front door, replace broken windows, mow and trim your
lawn/bushes...
- Pictures are
worth more than a thousand words. 97%
of home buyers begin
their search online. Your listing photos will be the deciding factor
for whether or not those buyers want to
see your home in person. When your realtor shows up
at your home to take photos your home should look tidy and welcoming.
For the biggest appeal, those photos should capture clean bathrooms,
made beds, de-cluttered counters, sparkling windows, and organized
garages.
- Closing takes
time. Most home buyers are not cash buyers.
Translation: they have to get a loan to purchase your home. In
the rare case that a buyer doesn't have to get a loan, your closing will
be much quicker (think 2 to 3 weeks). In most traditional
transactions, however, expect 45 to 60 days (in our
local market). It's simply the nature of mortgage approval
processes and real estate transactions. There
are many steps which need to take place between your offer acceptance and
your closing date.
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