As a seller your closing costs will not be as high as those paid by the buyer. In addition, your legal costs will be slightly less as well. In your particular situation, I would suggest you call a few local attorneys in your town and tell them your situation. I am sure that you are not alone, and some will probably give you a discount if you ask.... more
Kenneth, I agree with you without a doubt that under pricing will build the most activity on your property and get bidding wars started in any market however you really need to know for sure what the true market value of the property is in order to even under price it.
You also need the owner to be willing to under price it and hope when you get an offer others will come at the same time to start the frenzy. I know this works but and works quick but most sellers arent willing to take the chance of not getting the offers high enough and many buyers won't want to go too much higher then the asking price either.
We have done this recently but that still doesn't answer my question about pricing of this house.
Thanks though, I appreciate all the feedback and attention to my listing ;-)
Broker of Record
Marivic GMAC Real Estate
2056A Lincoln Hwy. (Rt.27)
Edison, NJ 08817-3330
Office: 732-650-9911 Ext.302
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(MIDDLESEX MLS SEARCH) http://search.victor.msx.mlxchange.com/
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(Monmouth/Ocean MLS) http://monmouthoceanmls.com/victor
Buyer feedbacks and market updates are important components to "right pricing." If you were to obtain pricing opinions from 3 experienced agents and appraisals from 3 licensed appraisers, you would find variations in the price opinions reached. No agent can tell you in advance the exact price for which your property will sell. The price is set by the market and what a buyer is willing to pay. It is important to have an objective read on market feedback and be prepared to make adjustments as the market feedback indicates. When hiring an agent, discuss how, when, and in detail what info they will provide about market feedback. You can ask for info about market exposure, web hit counts from various sources, number of inquiries which do not result in showings, number of showings, etc. in addition to simply what a buyer visit had to say. A thorough analysis of all of the above will indicate if you are priced right. An experienced agent will do his/her best to provide an initial offering price. After the property is introduced it is also importatnt to make adjustments if the market feedback warrants.... more