Tips, tactics and strategies to sell your own house!
"House for sale secrets revealed" ebook shows how you can get the best home selling price for your property.Friday, June 27, 2008
Pricing: the Home Condition
The key factors that determine whether or not a house sells are:
• PRICE
• CONDITION
• LOCATION
The previous post was about the home price. This one is all about the home condition.
No two homes are exactly alike and that's why some properties are easier to sell than others. For example I sold a home with magnificent downtons views, 2 ½ minutes from the city center... in fact is was of a similar size and standard to the surrounding houses. However, I sold it for higher than market value because, unlike the others, it had drive-on access for 3 cars. That was the reason I got a higher price.
Rule of thumb is that if a property is in excellent condition, then it should sell close to the frill market value. If the property is not up to scratch, then the sale price is likely to somewhat be less, all depending on its condition.
The price a buyer is willing to pay will generally reflect the condition of the home. The condition of the home is something that can often be improved with careful thought and careful use of money.
So don't stick to the LOCATION, LOCATION, LOCATION myth. If a real estate agent is really honest, he will tell you that 'over pricing' is usually the number one reason why a property fails to sell.
• PRICE
• CONDITION
• LOCATION
The previous post was about the home price. This one is all about the home condition.
No two homes are exactly alike and that's why some properties are easier to sell than others. For example I sold a home with magnificent downtons views, 2 ½ minutes from the city center... in fact is was of a similar size and standard to the surrounding houses. However, I sold it for higher than market value because, unlike the others, it had drive-on access for 3 cars. That was the reason I got a higher price.
Rule of thumb is that if a property is in excellent condition, then it should sell close to the frill market value. If the property is not up to scratch, then the sale price is likely to somewhat be less, all depending on its condition.
The price a buyer is willing to pay will generally reflect the condition of the home. The condition of the home is something that can often be improved with careful thought and careful use of money.
So don't stick to the LOCATION, LOCATION, LOCATION myth. If a real estate agent is really honest, he will tell you that 'over pricing' is usually the number one reason why a property fails to sell.
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