Archive for February, 2012

Let Your Home Welcome Potentional Buyers

  Comments Off

First impressions are lasting
Decorations are key
Give your home a cheerful feeling by letting the sun shine in
Fix that leak
Boast of your utility space by displaying them to there fullest potential
Safety should be top priority
Organized closets make them look bigger
Have your bathrooms sparkle
Create a welcoming environment by having the television off and playing soft music in the background
Avoid having too many people present, it will reduce the feeling that the buyer needs to rush through the home
Keep pets out of the way
Don’t force conversation with the potential buyer
Never apologize for your home that is being lived in
Never stay in the house with the buyers
Try not to get rid of furniture or furnishing to potential buyer, you could end up losing them
Let the real estate agent discuss price, terms, possession, and other factors

Pricing Technologies

  Comments Off

An agent has no control over the market, just the marketing plan. Here are some tips that may be helpful:
Never select an agent based on price
Overpricing in a rising market may be okay, overpricing in a falling market could be disastrous
Cost, price, value, and market value are numbers that represent your property
Regression (an expensive home being decreased in value because of lesser desirable homes) and progression (a home selling for more than its worth because of having more expensive homes in the area)
Substitution
Over-improvements, need, buying in a higher priced area, original purchase price too high, lack of factual comparables, providing bargaining room, high cost of moving, corporate buy-out are all reasons behind overpricing
Should be price the best and should show the best within the first few weeks of it being on the market
Faster sale, fewer inconveniences, exposure, increased cooperative salesperson response, better response to advertising, higher offers, more money to sellers are all benefits to the proper pricing of a home

Pricing

  Comments Off

Overpricing:

  • Can reduce agent showing
  • Can minimize advertising response
  • Can eliminate interested buyers
  • Can attract unsuitable buyers
  • Can eliminate potential offers
  • Can help to sell competitive homes that are also for sale
  • Can cause complications with the appraisal
  • Can increase holding costs
  • Can increase maintenance costs
  • Proper Pricing
  • Can create a faster sale
  • Can minimize hassles and inconveniences
  • Can attract the right buyer
  • Can increase agent showings
  • Can encourage strong offers
  • Can increase net proceeds
  • Can create a sense of urgency in the buyer
  • Can encourage multiple offers
  • Can cause compliant buyers
  • Can create less buyer’s remorse