If you are looking to sell quickly then price the home 1 or 2% below what homes in the area are selling for and below what your competition is listed at.
Buyers are looking for deals. If you price it too low below the competition then you could get low ball offers. Buyers may feel that you are trying to get rid of it. By pricing it just under the current competition but within the market value, then it gives you room should you get a low offer rather than putting it at a price already below the market and then get offers even lower.
"Offered at $35k below 2007 assessment"
prices at different times from now are useless. You could even be high compared to todays market.
If it is based on current appraisals, buyers would go to your listing first. At least if your house was one they might like.
PS...the agents will see the condition of your house, thats nothing to worry about.
Price is a key in selling but it needs to be priced to help you get as much money as possible.
Buyers are always on the hunt for a GREAT deal! If your home is listed for under the appraised value, you will definitely get interested buyers and/or Realtors to view your home.
I hope this helps!
Make it a Blessed Day!
Hendrickson Realty Group
Cell: (972) 697-1178
Fax: (682) 22-1049
I agree with most of the other agent's responses.
-The county assessor value is generally way off base (at least in my local market), so that will not have any impact
-If you did an appraisal for yourself, that information is not public & often is not necessarily a true indication of market value.
A local agent with experience can guide you with true current market values.
The bay area home values are starting to ramp up - we have an office in Campbell as well - and DFW tends to lag that trend so, although prices are expected to increase - you probably won't see much appreciation his year.
That being said - do you need to think about capital gains? Did you live there 2 of the last 5 years? When's your lease up and would you consider selling to your tenants.
This is the kind of market that needs a little creative touch - think out side the box and you'll get it sold.
BTW Pricing is one way but there are BETTER ways to get your home sold and net you more cash in pocket.
Good Luck to you!
Rebekah Owen, MBA
Skype Me at:Rebekah_o
Have a blessed day!
Ronda Allen, Realtor and C.P.M.
CEO of comingsoonhomes.com
RE/MAX Dallas Suburbs
Are you talking about the tax value or an appraisal done by a bank appraiser. If you are thinking about the tax appraisal, those are often way off. They can be way above or way below the actual market value. There are lots of people who don't understand that though....so sometimes they think they are getting a great deal just because they are buying below tax value. Buying at, below or above tax value is in no way an indicator of a great, good, or bad deal on either the buyer or seller side.
Surprisingly these days lots of buyers are very very in tune with values in specific neighborhoods. They know a good or bad deal when they see it. Sometimes it is also a function of the competition and what they've already seen at what prices. I personally don't think listing agressively hurts you in any way. In fact we often see that can generate great interest and multiple offers on a home. We just went through an experience about a month ago where a seller listed a great house about 5% under market. Five offers in the first 3 days on the market with 2 over the list price. That was at approximately $400,000. We also have another seller who has listed an average house about 5% over the market. Lots of people look, but the serious ones call to ask why the price is so high and would they take X....which is about 5% below market...then they never make the offer.
By the way if the home is currently rented, we find it best to sell once they are out. It is typically very very tough to sell with the tenant in the house for a variety of reasons. One is they typically don't want to move and find it an inconvenince to allow people inside. They rarely leave for showings which makes the buyers uncomfortable. They are rarely in show ready condition like a normal seller would have the home. They are also way to willing to share all the faults of the neighborhood, the owner, and the condition of the house with potential buyers, which often drives them away. So one idea you will want to consider is to get the tenant lease wrapped up, get them moved out, get the property back in show ready condition and then put it on the market.
Keller Williams Realty
Why would you not try to get the most out of your home quickly by pricing it right?? I do not see any red flags, but some curiosity that may be made about "why".
Let me know if I can help get the marketing started for you to get it sold.
Your real estate resource,
Amy Downs, Realtor
Keller Williams Realty
Brooks Team, Keller Williams
Keller Williams Plano
Actual sold prices and tax values can vary widely from area to area. I would be happy to send you the current comps on your house and help you determine a very aggressive list price. In my opinion Price and Location are the major factors in whether or not a home sells. I offer a 4% listing service that will also save a few thousand dollars while giving you the same service.
Basically I give 3% to a cooperating broker, so any agent who shows it knows they are getting their full commission. I take 1% for the listing. I have your home on all the major Real Estate sites on line. I use a professional Digital SLR camera with wide angle lense and large flash to get great interior shots and I also do the normal sign and flyers in the yard.
Also I have worked with several clients who have not been in town and would be happy to give you a couple of their names and numbers for references to my willingness to go above and beyond to help since they are not in town.
Thanks for your time and I could have the home on the market as early as tomorrow night.
Dont hesitate to call even tonight, I will be up til at least 11 Dallas time.
An informed buyer will know that the tax assessed value doesn't reflect the market value. It will show that you are motivated if anything.
I will be very happy to help you with the sale of the home. Please feel free to contact me.