Today, home buyers are unable to rely on owning a home and selling it a year or two later. Hertfordshire Home Buyers Association is an excellent resource for this. A home buyer can intend for three years or longer to own the house, even if it has to be turned into a rental property. There are far more criteria for today’s real estate buyer than a buyer had three or more years ago. Home Sellers: A Reality Check is Time
I advise my sellers to return to the conventional strengths of a property on the properties for sale where I am the selling agent. If a seller really wants to sell, the current price, position and condition must be assessed by him or her.Pricing of an Asset for Sale
There is no doubt: price is the defining criterion for today’s real estate transactions. In the past five years, several cities and counties have increased their assessments. Actually, these evaluations are mostly identical to actual appraised values. For many property owners who have lost equity in their properties, this is not good news.
Short sales and foreclosures are sold next to the listed property in many real estate markets, and appraisers have to use these equivalent sales to approximate the value of a house. If an agent asks them to price their property below current assessed values, sellers should NOT be surprised. If there are several foreclosures or distressed properties in their neighbourhood or homeowners have sold their properties out of desperation at less than market value, meeting this pricing request would be necessary.
He or she is always inclined to take this personally when I urge a home seller to lower his or her price. It’s almost like I told the seller that his or her kids were ugly and that the grandkids were going to be ugly, too. Home sellers: a reality check is time for it. Do not personally take the recommendation to lower the sale price! I know when a house is priced correctly since a spike in inquiries and showings measures a peak in interest. It is possibly overpriced if a home has been on the market for three months or more, and it has not been seen.