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Posts Tagged ‘Real Estate’

There are hundreds of good house selling tips that can help you when the time comes to put that sign in the yard. Some are more important than others though. Here are three of the most important points.

1. Understand Value. Your home is not worth more because you like it, and it may not even be worth more after you spend $10,000 making it the way you like it. It is worth what others will pay. One of the worst parts of a real estate agent’s job is trying to explain to a nice couple that their $45,000 in kitchen improvements only added $10,000 to the value of the house.

It is easy to see the problem with pricing too low, but making less money is a problem of pricing too high as well. You have costs that you pay while waiting to sell. Also, people are suspicious of homes that have sat unsold for a year, and less likely to make an offer even if you have finally lowered the price. The perfect buyer who would have paid the most, might have looked at the home when it was over-priced and walked away. To get the most money, price it right to begin with.