Bottom Line - If your home is not priced correctly then your home will not sell!!! Actually, this is the top reason homes linger on the real estate market.
Selling a home has many challenges to overcome and the emotional strain can be a huge weight. To reduce the stress, sellers should find out how much their home is worth because it is the top secret to the home sales process. In order to do that a seller must have creditable resources from an accurate place. Unfortunately, many sellers start looking for their property's value from sources with the wrong information like the county tax assessment, zestimate tool, or what their neighbor's home sold for.
The tax office determines value using a completely different method than a real estate agent does when pricing a home. Their amount is used for property tax calculations. Zillow openly claims that their zestimate tool is an estimate (hence the-play on words-name) and should only be a starting point for the home sales process. Sellers looking to neighboring sold homes misunderstand that a home has to be specifically comparable and accurate. There are many factors involved when pricing a home so using an experienced real estate agent to navigate the top methods to determine a home's value is a must!
Top 5 Factor to Consider when Pricing a Home!
Recently Sold Homes - Location, sold date, and how comparable a recently sold home is to the potential seller's property are all analyzed to determine the best price. This is the number one factor a real estate agent uses to gather facts and calculate the home's value.
Pending Sales - Homes that have recently gone under contract shed light on the activity in the current local real estate market. Another valuable pricing tool is to research these homes and the factors that surround them.
Market Condition - Overall the real estate market in the USA has been improving although each city has different rate of increase. Some neighborhoods could experience a decrease in home sales or value for a period of time, and understanding the market a home is in is imperative to pricing.
Current Inventory - What is happening in a market is reflected in the current inventory of homes. Abundance of homes? Then it may be a buyer's market and sellers need to take this into careful consideration when pricing their home. They may want to price more aggressively to get “noticed”. Limited supply of homes? This might suggest a seller’s real estate market and allow for a bit of flexibility in pricing.
Actively Listed Homes - Closely comparable homes that are active on the market will be the home's competition. Real estate agents scrutinize these homes to determine what a home is up against. Here are just some of the questions they consider. What does this listing have that this home does not? A pool or boat lift? Is this a better quality kitchen? How long has this home been listed on the market? This is a very important step because poor pricing could actually sell the competitions home.With so many things to consider it takes experience, skill, and accurate resources to price a home correctly! The help of a professional real estate agent can smooth this process out and make selling a home more profitable and enjoyable!Thinking of selling your home? The skills and expertise of a professional real estate agent is just a phone call away!
10 Reasons Why to List Your Property with Mark Yorke Home Team and Sell it with Service!!
#1 Mark Yorke Home Team has seasoned knowledge of St Pete Beach, Pass-a-Grille, Treasure Island, Redington Shores, Pasadena, Gulfport and surrounding areas from over 12 years of real estate experience and stays up to date on the current market trends and activity. Check out the blog to get to know the St Pete Beach area yourself!
#2 Amazing Communication - Answering phones, questions and concerns during every step of the process from the listing appointment up until closing!
#3 Professional Presentation - To capture your home's best features we use a professional real estate photographer with the best lighting and angles. We also offer aerial home photos, video footage and virtual home tours!
#4 Thorough Pricing Process - Evaluating top factors that are vital to pricing your home correctly and attracting the most attention as soon as your home hits the real estate market!
#5 Home Staging - Referral to discuss options to make your home appeal to all buyers because staged homes have shown to sell faster than their competition and buyers are willing to pay 32% more!
#6 Quality For Sale Sign - Illuminated with solar lighting to feature your home for sale to your neighborhood and drive-by house hunters!
#7 Exclusive Open House - Marketed to neighbors, thousands of realtors, via social media, zillow.com, and many other popular homebuyer sites with hors D’oeuvres provided to get the most exposure as soon as your home is listed!
#8 Marketing Galore -
#9 Negotiation Specialist - Making sure, when your offer comes in, you get top dollar for your home using experienced techniques to help finalize the best purchase price!
#10 Personalized Service - Walking every step with you from explaining and executing contracts, using a specialized appointment service, attending home inspections, final walk through, and closing!
Contact Us Today to Find Out How We Can Serve you!
#9 Negotiation Specialist - Making sure, when your offer comes in, you get top dollar for your home using experienced techniques to help finalize the best purchase price.
#10 Personalized Service - Walking every step with you from explaining and executing contracts, using a specialized appointment service, attending home inspections, final walk through, and closing.