Sage Realty LLC Reveals All You Need to Know About Pricing Homes for Sale
In the residential real estate marketplace, the success of selling a home depends heavily on pricing. Correctly pricing a house is a skill that represents 80% of marketing. Once the ideal price is established, everything else follows. Without the right price, buyers looking for homes for sale will not even come across your property on their initial search on the internet. Consequently, receiving offers on your property may prove to be difficult. In order to ensure that sellers are able to sell their homes and that buyers receive a fair price, exclusive buyer’s agency Sage Realty LLC recommends a few tips to follow when putting a home up for sale.
How Should You Go About Pricing Your Home?
Before you even think about listing your home, doing what the buyers will have done is necessary: analyze all the homes that have been recently sold or are still on the market that are similar to yours in size, location, and features. If you have time to do a little more research, go to see some of the homes for sale in person and compare them with your own.
A good real estate agent can help you price a home to attract a lot of buyers and maximize the return at the same time. Setting a price that is not too high to discourage buyers, but high enough to make you the most money is key.
Should You Get an Appraisal?
Most homeowners are under the false impression that the appraiser is the one who knows the true value of the home, but this simply is not true. The market knows the true value of a home; therefore getting an appraisal before deciding on how to price your home is not necessary. While the appraisal can take into consideration a number of factors such as size, previous/recent sales, age, and lot size, this is only a black and white view of your property. Take into consideration the aesthetics of light, décor, setting, neighborhood status, proximity to town centers, time on the market, availability of alternatives, and other factors when pricing your home.
Often, to validate the loan amount, the buyer’s lender (or secondary market) hires an appraiser to assess the value of the property. The buyer pays for this appraisal fee, but is not involved in hiring the appraiser. Although the buyer pays the fee, the appraiser has no duties to the buyer. The lender is the only party that relies on the appraisal.
To learn more about how to price homes for sale or the services that are available from Sage Realty LLC, visit their website at: https://www.findahomeinpa.com/.
Sage Realty LLC
37 West Avenue
Tags: Homes for Sale