Many sellers are having a hard time facing the realities of today's markets. Of course it’s difficult to make a pricing concession, but an overpriced home simply will not sell.
Sellers may argue that they really need the money, but then what will they do for money if the home doesn't sell. Maybe they figure that they can shoot for the moon now and reduce the price later if they must. However, the longer a property remains unsold, the more likely it is that even more price reductions will follow.
Some sellers might suggest trying a higher price just for the first two weeks, but that's when the interest of serious buyers is always greatest. Those buyers usually look within a certain range, and won't even make an offer at all on an overpriced property. Most importantly, if the sellers need to buy another home, time is of the essence. If the sale takes too long, they'll be buying at a time when prices and interest rates may begin climbing again.
If you are considering selling your home, call me for a free Competitive Market Analysis of your home’s value in today’s market
Monday, July 20, 2009
Wednesday, April 29, 2009
WHAT’S YOUR ESTIMATE?
No one expects you to be able to appraise a home. It's a professional's responsibility to provide an independent estimate of either your home's value, or the value of a home you are interested in purchasing.
While the bank uses the appraisal to guarantee your home's tangible value against the mortgage, such documentation also ensures that you're not overpaying for your home. While your lender usually selects the appraiser, be aware that federal law guarantees you a copy of the report.
When selling your home, a professional appraisal will validate your list price, and assure you that you are getting what your home is worth. It’s a good idea to produce receipts for septic or roof repairs, or work on your heat and air conditioning. This proves your responsibility and pride-of-ownership, adding real and perceived value to your home.
If you're suspicious of an appraisal, ask a realty professional to provide a Competitive Market Analysis based on the most recent closings in your area. Sometimes another opinion is all you need to put your mind at ease.
www.MadisonVaRealEstate.com
No one expects you to be able to appraise a home. It's a professional's responsibility to provide an independent estimate of either your home's value, or the value of a home you are interested in purchasing.
While the bank uses the appraisal to guarantee your home's tangible value against the mortgage, such documentation also ensures that you're not overpaying for your home. While your lender usually selects the appraiser, be aware that federal law guarantees you a copy of the report.
When selling your home, a professional appraisal will validate your list price, and assure you that you are getting what your home is worth. It’s a good idea to produce receipts for septic or roof repairs, or work on your heat and air conditioning. This proves your responsibility and pride-of-ownership, adding real and perceived value to your home.
If you're suspicious of an appraisal, ask a realty professional to provide a Competitive Market Analysis based on the most recent closings in your area. Sometimes another opinion is all you need to put your mind at ease.
www.MadisonVaRealEstate.com
Saturday, March 21, 2009
Buying or selling a home requires the services of several professionals. Your accountant can explain the tax implications and an attorney researches the title to the property you are purchasing so that you receive a good and marketable title.You may also need a surveyor if your lender requires a physical survey of a property's boundaries. They ensure that you receive title to the exact property for which you contracted.
Realtors also play an important role in your transaction. They act as a marketing agent for sellers, developing strategies to identify and attract likely buyers for the property.
Realtors provide buyers a variety of services: suggesting lenders, researching available homes, scheduling showings, and writing contracts. They oversee the closing activities and coordinate the roles of the other professionals involved.
Real estate agents will not give you legal or accounting advice, nor attempt to survey your property, but they will provide a wide range of services to those planning to buy or sell real estate.
Visit my web site at : www.MadisonVaRealEstate.com
Realtors also play an important role in your transaction. They act as a marketing agent for sellers, developing strategies to identify and attract likely buyers for the property.
Realtors provide buyers a variety of services: suggesting lenders, researching available homes, scheduling showings, and writing contracts. They oversee the closing activities and coordinate the roles of the other professionals involved.
Real estate agents will not give you legal or accounting advice, nor attempt to survey your property, but they will provide a wide range of services to those planning to buy or sell real estate.
Visit my web site at : www.MadisonVaRealEstate.com
Friday, March 13, 2009
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