In the over a decade, I have been a Licensed Real Estate
Salesperson, in the State of New York, I have discovered, most homeowners, when
they decide to sell their homes, are seeking to obtain the best possible price,
in the shortest period of time, with the minimum amount of hassle/ stress. Once
a homeowner is prodded to look at his home from a more realistic, rather than
emotional perspective, and one is willing to look at a price range, which makes
sense, in terms of the present market conditions, they often discover that
pricing a home right, from the start, often achieves the other objectives, in
terms of time required, and minimizing hassle. This article will attempt, via
the use of the mnemonic approach, to examine and discuss how to get the best
possible PRICE for your home.
1. Planning; preparation; priorities; pricing: Interview
professional real estate agents, and choose one, which you feel confident in,
and will be willing, and able, to tell you what you need to know, not just what
you want to hear (TM). Know what planning a homeowner must undertake, including
the necessary steps, in terms of preparing one's home for optimum viewing, etc!
Discuss your priorities, and assure you, and your agent, are on the same page,
and will have thorough, frank discussions, throughout the process. Ask for
pricing recommendations, while realizing the best approach is generally basing
it on a Competitive Market Analysis (CMA). Price your house, from the start,
wisely!
2. Realistic; reasons; right buyers: Do you know and
understand your niche market, if any, and who to pursue, who might be the right
buyers, for your home? Is your house best suited for a family, couple, and how
about socioeconomics, etc? Do you have realistic expectations? Make a list of
reasons to believe in your mindset, as well as to disprove them!
3. Impression; insight; intuition: While logic is valuable,
take heed of the observations of your agent, and consider his intuition, and
reasoning. Doing so, you will gain valuable insights, and be better able to
respond to market conditions, etc. Consider the first impression, a potential
buyer, may have of your house, and address items, such as curb appeal, first
impressions, and minor adjustments, which might better position your particular
home.
4. Comparables; competitive; curb appeal: Be guided by
current, recent, accurate, relevant comparables! If your pricing is not
competitive, you will become your own, worst enemy! Drive up to your house, as
if you were a potential buyer, and consider the curb appeal!
5. Excellence; estimates; expectations: The excellence of
the real estate professional, especially comes into play, when one examines
marketing, promotion, and pricing! Ask your agent to carefully, and fully
explain his reasoning! Understand that a listing price, is far different from a
selling price, and a market analysis, is an estimate of where the market is.
Control your expectations and emotions!
Your agent wants you to be happy and satisfied, and hopes to
get you the best possible PRICE, in the shortest period of time, with the least
stress and hassle! Consider these recommendations, and take advantage of the
experience of your real estate agent!
Richard has owned businesses, been a COO, CEO, Director of
Development, consultant, professionally run events, consulted to thousands,
conducted personal development seminars, for 4 decades, and a Licensed Real
Estate Salesperson for a decade+. Rich has written three books and thousands of
articles. Website: http://PortWashingtonRealEstateOffice.com and LIKE the
Facebook page for real estate: http://facebook.com/PortWashRE
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