You have decided it’s time to sell your home and move on to one that is bigger (or smaller) or in a better neighborhood. Maybe you are relocating to a new city. You know where you want to go, but now you have to sell your home to make your move.
Asking the right price for your home is very important! Some sellers believe they will price their home high and if it does not sell, they feel they can always drop the price. This is not a sound idea! When a home is placed on the market for some time and does not sell at the initial asking price and then has to be dropped to become more in line with similar homes, it is no longer considered a “hot property” and is often passed over by real estate agents and buyers. Of course, you want to sell at the highest price you can obtain but “reasonable” is the key word.
One way to help you determine the right asking price is to sit down with your real estate agent and go through the recently sold and currently available homes in your neighborhood. By comparing your home to the recent sales you can make an informed decision as to the valuation of your home. An experienced real estate agent who is familiar with the property in your neighborhood can be a great asset. The agent may have seen inside many of the previously sold homes and they will have helpful insight as to how your home compares. You and your agent can estimate an appropriate price based upon the style of your home and the square footage, décor, number of rooms and other amenities. In a slower market you really need the asking price to seem reasonable to potential buyers, so try to look at the asking price from the buyer’s viewpoint.
If you have a home that you need to sell please give us a call. The Cantera Real Estate team sells property in Austin and the surrounding areas, and we can complete a market analysis for your home with no obligation. We are excited to hear from you! 512-344-6000
Posted on Wednesday, November 28th, 2007 at 4:29pm.