How to price your home
There are a lot of things to take into
account before you put a price on your home.
Where is the location of your house?
Location is very important when trying to price your house.
You might have paid $75,000 for your home 5 years ago but
if the crime rate is up, businesses have left the area etc..
then the value of your house might have dropped. Or you might
have paid $75,000 for it 5 years ago and businesses might
be booming, no crime rate, a sort after area etc.. then the
value of your house will be "sky high". It is very important
that you do research before you even think of setting a price.
What is the condition of your home
If your house and your neighbours house are both on the market
at the same price but your neighbours house looks more attractive
and is more updated who`s house do you think people will want
to buy? Your neighbours. It may pay off to spend a few dollars
doing your house up a bit (that doesn`t mean you need to decorate
the whole house). Look around your home and see if there is
any thing that could be done to improve the value of your
home. I.e. worn carpets, wood work yellow and needing a paint,
your garden is unkempt and messy. You don`t have to spend a
fortune to make your home look appealing. Just do it up where
it is needed and the rest will sell itself.
Look at your home through a buyers eyes
Do you remember when you bought your home? How much you wanted
to change it and add your own touches. You wouldn`t have given
the pervious owner a second glimpse to what she had done to
it and neither will the next owner. That's how prospective
buyers will look at your home. They won`t care how much time
and effort you have put into making it your dream home. They
are looking for a house that they can make their own. So don`t
price your home on sentimental value.
Get the experts in
Invite at least three Real Estate agents to visit your home
and give you their opinion of its likely selling price. Ask
for a "comparative market analysis" (CMA), which shows the
prices of comparable recently sold homes, on-the-market homes
and homes that were on the market, but weren't sold. This
will give you an idea on competitors prices.
Do market research.
Go see an estate agent, ask what prices they are offering
then go and view some that are similar to your home. Write
out a checklist and tick off what they have on offer i.e.
fitted kitchen, double glazing, garage, is the general condition
better or poorer than your house ? When you get back home
compare your home to the ones you have viewed and make your
price from this. Or you could walk around your area and look
for house that are up for sale write down the address and
make inquires over the phone about the price.
Personal property
Personal property should be excluded from the selling price.
Washers, furniture, curtains, etc.. You can either ask prospective
buyers if they want to buy them or sell them separately to
others. Or you could include them for free this will be and
added bonus to prospective buyers and they will take the free
over especially if they are first time buyers
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