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Blog: selling my home

4 Things Agents Consider When Setting Listing Prices

There’s no online calculator for setting the perfect listing price for your home. It takes experience, market savvy, and even a bit of psychology. A strong listing agent can help you set the right, most competitive price for your home. Here are a few things they might look at:

1. The competition
Your agent will look at the prices of similar homes in your area that either are currently listed or sold during the past few months. They’ll take into account how many days the properties were on the market, and how the listing prices for those homes differed from the final sale prices.

2. Market trends
What’s affecting the market in your neighborhood, and your region? Your agent will consider national factors that shape the real estate market, such as possible rising interest rates, as well as local factors, like whether the average home price in your neighborhood has been rising or falling. They’ll also think about things such as new companies moving to the area in the near future, or plans for improving local amenities, like parks and shopping districts. All can increase the value of your home to a buyer.

3. Your neighbors
Although a home the same size and age recently sold for a high price, your own place might not fetch the exact same fortune if, say, junky cars continue to proliferate in your neighbor’s driveway. On the flipside, if the grass is in fact greener on the other side of the fence, your home’s value may be higher due to your neighbors’ curb appeal.

4. The Goldilocks price
Listing your home at a price that’s “just right” from the start is critical to selling it quickly, for the best price. Overpricing your home, and then dropping the price a few times while it sits on the market, could lead to a lower final sales price than if the home was priced appropriately from the beginning. And, of course, setting a price that’s too low leaves money on the table.

Wondering how much your home might be worth in today’s market? Contact one of our experienced agents under the tab above labeled "About Us" who can explain how these and other considerations could factor into a pricing strategy for your home.

-Information provided by RE/Max LLC

4 Ways Having an Agent Beats Selling Solo

James Johnson has been trying to sell his Colorado ghost town – a café, motel, gas station and two homes (just $350,000!) – for months without success. And it's not just because it's in the middle of nowhere that the property isn't selling. While offloading your sofa or lawnmower on your own doesn't take a lot of sales skill, working with a professional real estate agent is one of the best ways to make the most money in the shortest time when selling your home – or ghost town. Here are the top reasons why.

1. An agent may increase your profit
Many people think they'll make more money if they avoid paying an agent a commission and instead handle their own home sale, but the statistics show otherwise. According to the National Association of Realtors, selling with an agent brings in a higher profit, enough to cover the commission and then some. For one thing, a Realtor has the experience and tools to price your home appropriately. Studies show that homes priced correctly when they first hit the market sell faster, and for a better price, than those that linger with a decreasing price tag.

2. An agent can save you time
While it may take just moments to upload a Craigslist ad, handling prospective buyers, inspectors and appraisers can suck up your time. From screening out unqualified buyers to helping you prepare your home for inspections, agents drive the process more efficiently.

3. An agent often makes a better deal
You might be proud of your poker face, but are you really a savvy enough negotiator to put one of the biggest deals of your life on the line? As most buyers use a buyers' agent, you'll probably be going toe-to-toe with a professional negotiator. When you list your house through an agent, you not only get their marketing power and connections, you get a pro negotiator advocating for you during the initial offer, the counter offer and the post-offer period, which includes inspections and requests for concessions.

4. An agent can lower your risk
The potential for making mistakes (with potential legal ramifications) among the reams of paperwork involved in a home sale is huge. Agents know how to do things exactly right.

Thinking of selling your home? Or buying a tiny town on Colorado's eastern plains? Talk to an agent. Contact one today from our "Our Agents" tab at the top of this page.

-Information provided by RE/Max LLC

http://www.seeremax.com/oye/Agent/10891570​

 

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