Your house can sell fast if you price the property in the same range that similar homes are selling on your street. A home remodeled in the last 10 years sells for the most money and the most widely sought home has at least 3 bedrooms, 1.5 baths, a finished basement, a 2 car garage, and siding.
This should be true but buyers will not pay a premium for an over-improved home. You will most likely get top dollar for the street. This all depends on market conditions. Recent improvements may add tothe average value.
If your home is priced higher than similar homes in the neighborhood, buyers don't even consider looking at the home, they don't want to waste their time. Most buyers are educated and know values for similar homes. They compare over 25+ homes before making an offer. If you ask a certain price then they feel that is what you want your agent to obtain and won't insult you with less. Overpriced homes are often not given serious consideration, so----PRICING YOURHOME IS CRITICAL. Remember, a home is bought, not sold!!
Experienced agents know that flashy ads and gimmicks don't sell homes. A concerted marketing effort, a properly priced home and favorable market conditions produce a sale. The same techniques have worked for years.
Often market conditions change and your home may sell for less or more. You must see your home as buyers see it: Style, Age, Size, Features, and Recent Updates to understand value. In addition, the supply of homes of a similar style on the market can greatly influence prices.
Most agents need listings and will tell you your home is worth more than it may truly be. If they sell another home off yours they don't care if yours sells. Until your home is on the market, and you have buyer reaction you can't really determine value. You can ask anything you want but the buyers are spending the money and making offers. A professional agent will show you recent sales and help you set a fair price to attract an offer in the least amount of time. Waiting for an above average price does not attract offers. No one works miracles in this business.
Our company can show you logs of co-broke agents that call constantly to show our homes. Professional agents areinterested in helping buyers, and are eager to show your home even when there is a flat fee. They don't want to lose a sale. Our fees are fair to all. Agents that are insisting that your home will not be shown without a 7% commission are misleading and using scare tactics. Do you want someone like that representing your property and you?
LANCER REALTY COMPANY
2170 W. Sprague Road, Parma, Ohio
44134
Telephone 440-842-8350 Fax: 440-843-3002
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This page was last updated: 05/06/05 04:32 PM
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