Baby Boomer Finance – Pricing Your Home For Sale
Welcome to this weeks edition of Baby Boomer Finance – Pricing Your Home For Sale
Show Notes:
How do you price your home for sale? You need to consider the current economy, neighborhood environment and what recent comparable homes have sold for. You don't want to be on the market for 4 – 6 months with no active offers. The longer you are on the market the lower your home value becomes. The object is to sell it quick and for a good price.
Don't let your emotions dictate the price. You feel attached to your home. Buyers don't. During a buyers market with many foreclosures in the market at reduced prices, you need to think carefully about what you want to price your home at.
Buyers feel attached to their money and don't want to spend more then they have to. They can buy any home in their price range. Your home will not even be seen by buyers if it is outside their price range or what they feel a home in your neighborhood should cost.
One realtor trick is to show a home that is over priced so that they can sell a more reasonable home to their client. Look you get the same home for less. Buy this one and save.
Whether or not you are in a hurry to sell, price it right to sell. Don't chase after the lower market price. You will probably end up selling it below market value because you are so frustrated. So don't get frustrated, price it right from the start.
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Comments on Baby Boomer Finance – Pricing Your Home For Sale
It does make good sense not to get caught up in selling house in the current market. The market will turn around…It always does. It is just how long it is going to take. If you sell at a reduced price now, you will kick yourself when the market returns to a somewhat normal pace. So if you can it seems like agood idea to sit tight…Carol Stanley author of For Kids 59.99 and Over.