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Saturday, June 28, 2008

Price, Condition and Location of Your home


If your home has not sold because of (or regardless of) its location - alter your price and it will sell.

If your house has not sold because of its condition, either fix what's wrong, or alter your price until it does sell.
As any good agent will tell you, "when priced correctly, a property will sell regardless of condition or location."

If the location is wrong, well... you just can't do anything about it. Adjust your price accordingly.

You have to think carefully about the whole sales process. It is not just a case of accepting everything I say as "a fixed rule". I'm sure that some of the ideas will be best adapted to suit your own situation. The key is to pose the right questions so that you come up with the right answers.

Very often I will mention the possibility of listing with an agent. If you are a For-Sale-By-Owner, don't completely rule that option out, as a high percentage of For-Sale-By-Owners will list with an agent within the first 6 to 8 weeks.

As I understand it, something like less than 10% of For-Sale-By-Owners will sell their houses without outside help. In most instances that will mean a real estate agent.

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