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How to Price Your Property?
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| Thursday, December 18, 2008 |
A properly priced house is half sold.
But there are many ways to unduly prices ..
* You can not go by what you paid for the place. Perhaps you bought two years ago when local prices were soaring, and things have cooled off since then. Perhaps houses like yours can now be bought for less, and if you hold for what you paid, simply wasting your time ..
On the other hand, perhaps prices in your area took off, and you want to short-change yourself if you tried to "make my money (but you can get a quick sale.).
* You can not go by how much you spent on improvements. A street will support only a given price range. If you invested as yours would be the most expensive house in the street, buying public is not likely to reimburse you ..
* You can not change your tax assessment figure. Even in communities aimed at the full value assessments, the figures are almost never in line with what buyers are currently willing to pay ..
So how do you price your home?.
By putting in a shoe buyer ..
What else is on sale in the region? How does it compare with your house? How long has it been on the market? What has sold recently and how does the buying public value? What has not managed to sell over the past year?.
Any good broker can provide the data you need, often in the form of a table known as MAC, compared Market Analysis. .
And once you've once think like a buyer. What price should you look for a list and say to an agent "Take me to see that one?.
Ajay Pats is a professional manager.He manages real estate brokerage site "Real Estate Broker" (http://realestatebroker.nexuswebs.net/realestatebroker/index.html), the community home based business entrepreneurs "Venturecon / Home business opportunities "(http://groups.msn.com/venturecon) and a source of inspiration Webzine" Discover the secrets of good and happy life "(http://www.topica.com/lists/venturemall) . |
posted by neptunus @ 10:55 PM
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