Be careful to ground the price of your home in facts, not emotions. A home that is priced too high will languish
on the market. The longer your real estate property doesn’t sell, the less attractive it is to real estate buyers who may be wondering if there is something wrong with the property.
What is the difference between a real estate property’s list, sales price, and appraised value?
The list price is how much a house is advertised for and is usually only an estimate of what a seller would like to get for the property. The sales price is the amount a property actually sells for. It may be the same as the listing price, or higher or lower, depending on how accurately the property was originally priced and on market conditions.
If you are a real estate seller, you may need to adjust the home’s listing price if there have been no offers within the first few months of the real estate property’s listing period.
The appraisal value is a certified real estate appraiser’s estimate of the worth of a real estate property. This price point is based on comparable real estate sales, the condition of the property, and numerous other factors.
How do you prepare a house to sell?
Curb appeal is everything. You should do everything you can to put you real estate property’s best face forward. Though cosmetic, the attractive presentation of a home for sale is crucial to get close to your asking price or sell as quickly as possible. Small, inexpensive changes can make a huge difference in how your home for sale appears to real estate buyers.
Here are some simple steps you can take:
• Make sure that the exterior of your home is neat. If you are selling a home, make sure the sidewalk is swept, there’s no trash around, and that all greenery is pruned.
• Co-Op and Condo owners should make sure the hallways leading to their units are clean
• Be sure that the doorbell works.
• Make sure your real estate property is neat. Clutter can make any space look smaller and less desirable.
• Real estate buyers notice windows and floors first. Make sure they’re clean.
• Clean and spruce up all rooms, furnishings, floors, walls and ceilings. It’s especially important that the bathroom and kitchen are spotless. Organize closets.
• Make sure the basic appliances and fixtures work. Get rid of leaky faucets and frayed cords.
• Make sure the house smells good! Hide the kitty litter, bake some cookies, or light a few candles.
• Put fresh flowers throughout the house. A small touch of elegance goes a long way when selling real estate.
How to sell a slow mover?
Price and condition are the two most important factors in selling a home. If your home is sitting on the market, your first step should be to lower your price. Address all cosmetic defects that can be repaired.
Call us at 718.488.0800 for a FREE market analysis of your home.