IF YOUR HOME IS PRICED TOO HIGH, IT WILL NOT SELL!
If your home is priced too high compared to the other homes for sale in the neighborhood your open house will be a disaster. The buyers you expect will visit other open houses in your neighborhood and not visit your home. Have your Realtor perform a Brokers Price Opinion. Your list price should be 10 percent below the competition.
KEEP THIS IN MIND:
1. You will have many buyers visit your open house.
2. You can accept or reject any offer that is below your price point.
3. A multiple offer situation will occur, with a possible bidding war.
4. At escrow closing, you will receive more money in your pocket.
Showing posts with label Brokers Price Opinion. Show all posts
Showing posts with label Brokers Price Opinion. Show all posts
Monday, March 9, 2009
Tuesday, January 6, 2009
Getting The Highest & Best Price
SETTING PRICE POINT
So you have decided to put your property up for sale, now it is time to meet with your favorite realtor. Be very carful when setting the price point, be realistic in what you expect to get at end of closing. Be very careful examining the comparable properties in your neighborhood. Investigate the type of repairs made; consider closing costs by using a net sheet, etc. Your realtor should never over-quote what the real market price is just to get the listing, because he will never be able to sell your property for more than the offer received by the highest bidder.
Work out a schedule with your realtor in advance as to when you’d like to go over how your listing is performing compared to the competition including unique visitors and open houses. Reports should be provided to sellers on a regular basis and reviewed to adjust price point if needed.
For your copy of a free report called “Getting the Highest and Best Price” write me at Andrew@realtorintouch.com.
So you have decided to put your property up for sale, now it is time to meet with your favorite realtor. Be very carful when setting the price point, be realistic in what you expect to get at end of closing. Be very careful examining the comparable properties in your neighborhood. Investigate the type of repairs made; consider closing costs by using a net sheet, etc. Your realtor should never over-quote what the real market price is just to get the listing, because he will never be able to sell your property for more than the offer received by the highest bidder.
Work out a schedule with your realtor in advance as to when you’d like to go over how your listing is performing compared to the competition including unique visitors and open houses. Reports should be provided to sellers on a regular basis and reviewed to adjust price point if needed.
For your copy of a free report called “Getting the Highest and Best Price” write me at Andrew@realtorintouch.com.
Thursday, December 4, 2008
What's A BPO
To determine the probable selling price of a property, a realtor will perform a BPO. The selling prices of similar, distressed and bank owned properties are compared. A radius of 1/4 miles is typical, its not unusual to go even farther out to find a comparable property. Once the comparable is found an appropriate sales price can be set. You sellers should keep this in mind in your conversation with his or her realtor, for only then can a realistic price be set. Only than can you expect to have his property sold in a reasonable amount of time. Time and money will be saved and the highest and best price will be achieved.
Click on http://batesrealestategroup.com/ for foreclosures listings. You can also write me at Andrew@realtorintouch with your real estate related questions and concerns.
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