We have mentioned many times in our previous articles about how important pricing your home is but let me give you a little tip that may help you sell your home for more.

Tip #1 – PRICE YOUR HOME ACCURATELY
Once you know what your home is worth, now is the tricky part. Setting the selling price. If you set it too high, you will get less visitors to see your home. If you set the price too low, potential buyers will be suspicious and think something is wrong OR think you are desperate to sell and try to negotiate you down even further. The trick is simple, price it accurately the first time and within a few thousand of where you want the home to close at. Ultimately, there will be more offers and less negotiating on the price.
(more…)

When pricing your home to sell as “by owner”, you may consider the price you originally paid, add a substantial markup and presume you’re done. This would be a grave mistake; one that could wind up costing you thousands or end in no sale at all. In order to price your home to sell there are many things that should be considered:

Obtain A CMA (Comparative Market Analysis):
When selling your home as “For Sale By Owner”, it is especially important to get a CMA or “House Value Report” which will give you an idea of the price your home should sell. A CMA details the prices of similar homes recently sold, on-the-market homes as well as homes that simply did not sell in your area.

Be wary of real estate agents attempting to “buy” your listing. An agent practicing this technique will often sweet-talk you with their elevated price recommendation waiting only a few weeks to insist on a price reduction. Be mindful: a home on the market for extended periods become less sellable. People begin to wonder if there are significant defects with the property or whether the seller is truly motivated.
(more…)

Every day, we receive dozens of requests for a house value report for homes across the country. The vast majority of the house value requests are for home owners thinking about selling their home. They want to see what their home would potentially sell for compared to what they owe for it. Did you know that this is only one of many examples of how a free house value report (aka CMA) can be used?

Here Are 5 Ways To Use a House Value Report aka CMA

1. Selling Your Home- The first and most obvious way to use a comparative market analysis is to compare your home against other homes that have sold in your neighborhood. I wont go into too much detail here since this one is pretty obvious. What I would like to add here is that it is important to take your time in analyzing the data or you may get a false sense of value and be too high or too low by thousands of dollars. Price too high and people will not bother looking at your home, too low and people will think something is wrong with your home and try to negotiate you even lower or again, not even visit. (more…)