April 16, 2013 9:50 am
Sellers usually want to get the best price for their homes no matter when or where they are located or what city they live near. We can't blame them but one factor to keep in mind is pricing above recent solds. If you lower expectations on price, you will actually get a better price in the end because you will sell more quickly and usually that translates to more money. If you are planning to trade up, time is not on your side and you should act quickly but the opposite is true if you are downsizing! It works something like this. When buying less house if you wait, the current home you own will be worth more. Â Since you are spending less your buy side won't appear to be as great a sacrifice.
Investors have driven up prices of lower end properties to such an extent they are not as attractive investment. If seller will fix leaky roof or repairs cracks in the sidewalk before listing, they will get a higher price from buyer. The buyer today doesn't have a lot of extra money after down payment and closing costs so this approach is better.
The seller who creates web appeal vs curb appeal stands to benefit to a greater extent with home staging and professional photos. Do this right before your house goes on line and avoid amateur look.
If you collect appraisal data in the neighborhood before appraiser comes to evaluate, you won't be too surprised or jolted of your homes worth. Preparation is key today!