Home Selling in 31804>Question Details

John H. Pete…, Home Seller in Plymouth, MN

What is a good price strategy to sell a house.?

Asked by John H. Peters, Plymouth, MN Tue Aug 25, 2009

location, location, location however Hennepin County Property values as 8.3% less for 2010 than 2009. Would you offer or start a house out at the 2010 tax value or between the two (2010 and 2009)?

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No one can render an opinion till research is complete. Contact a listing agent who can detail all info.

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0 votes Thank Flag Link Wed Aug 26, 2009

As previously mentioned, the best way to establish an accurate understanding of the present value of your home is to view it from the perspective of the current local real estate market.

This can be accomplished through generating an appraisal or having a CMA done by a real estate professional. For accuracy and reliability, many owners in your position lean toward an appraisal.

Good luck
0 votes Thank Flag Link Wed Aug 26, 2009
5 Factors to consider: Location, Price, Time, Condition and Terms.
Once these are addressed by a knowledgable agent along with closed sales for the last 3 months this will give you a snap shot of the market. All real estate is local and in Naples FL our tax values are greatlly affected by time of ownership, whether the house is Homesteaded or not (single owner or married owner, veteran, disabled) Save or Homes tax cap or secondary home. Down here in sunny FL using the tax value is not a good way to get a listing price. even our appraised values are not reliable anymore. Now that the appraisers are using short sales and foreclosures it changes the picture. Closed sales seem to be the best guide here and possibly in your area. Get at least 3 opinions from 3 agents, any referrals of agents would help and use your gut when picking a person to represent and market your home.
0 votes Thank Flag Link Wed Aug 26, 2009
Get it appraised and grill any agent that you bring in to interview. The appraisal will give you an idea of how the bank will see it for loan purposes, agents often tell you want you want to hear then start with the "we need to adjust" nonsense. You better be in the right frame of mind to sell or don't do it - it's a beauty contest and you need to emotionally detach.

You might find two recent blogs of use - all about agents and this biusiness we're in:

0 votes Thank Flag Link Wed Aug 26, 2009

Too many sellers price their house at or above the competition and then reduce reduce reduce. All they are doing is chasing the market. The key to selling right now is to price it for tomorrows market. Get ahead of what your competition is. If there are several houses at $X amount why be one more in the mix. Price your house just below the other houses. Make it more attractive to the buyer. Buyers want to get a deal in this market.
0 votes Thank Flag Link Tue Aug 25, 2009
John.. I would not look at tax values I would look at sales stats and price according to your timeframe to sell your home ie days on market.... get a strong realtor to help you sort out values and advise you on what it takes to get a home sold in your respective area. Not only is it location but it is price and condition in this current buyers market.
0 votes Thank Flag Link Tue Aug 25, 2009
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