I had a house listed on the MLS priced at $600,000 that was not selling. The sellers had vacated the property, and we had lots of traffic through, but nobody was making an offer. My client and I sat down and looked at what had happened. A couple of homes had sold around us that settled, which showed us that the market actually was around $570,000 for the property.
Have you ever wondered what is really considered a bedroom? Learn the specifications for calling a room a bedroom.
Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.
Real Estate | home tips | brick
What is a brick house and a brick-faced house? Discover why brick may be more desirable when Eric explains what is considered a true brick house.
Full disclosure of a property defect will help increase buyer confidence that you are dealing fairly; and it will protect you from legal problems later. I had a challenge with one of my listings. It was a beautiful, desirable property, in an excellent neighborhood, on a very pretty lot. As it turned out, something serious came up during the home inspection.
There are a lot of theories about how to price something to sell. You’ve often heard that the $1 million property should be priced at $999,000 because it sounds cheaper than $1 million. Your $500,000 property should be priced at $499,000 because that sounds cheaper. Right? Let me debunk that theory with respect to how people search for real estate.
Recently there was a home that came off the market with another broker. I’m getting ready to put it back on the market. The reason that it did not sell originally is because it was priced too high, based upon the amenities, and placed on the market in May, which was too late to get top dollar. Why would I say this? Read my blog Timing the Market Part 1, to learn how key timing when placing your home on the market is essential.
