Home Seller’s Guide
Information for Sellers
STEP 1 – DEFINE NEEDS
Write down all the reasons for selling your home. Ask yourself, “Why do I want to sell and what do I expect to accomplish with the sale?” For example, reasons for selling include: a growing business that needs more space or a job opportunity that necessitates a move to another city. Things you want to accomplish with the sale may include the time frame in which you’d like to sell or a particular profit margin.
Many homeowners believe that the cost to carry a home is negligible and are often not honest with themselves regarding the true cost to carry a home? This link will provide a spreadsheet that will help you determine the real cost to carry your home.
STEP 2 – PRICING STRATEGY
Your next objective should be to determine the best possible selling price for your house. You will need to take into account the state of the local market, the condition of your home, and sales of comparable homes in your neighborhood. It is often hard to maintain a non-biased view of your property, so you will want to gather the necessary information in the most objective way possible. If you want a truly objective opinion about the price of your home, you could have an appraisal done. This may cost between $300 and $500.
Be reasonable about the price you set. You will always be better off setting a fair market value price than setting your price too high. If your home stays on the market too long because it is overpriced, potential buyers may think that something is wrong with it and you may end up selling it for less than what you could have gotten if you had started out with a realistic asking price.
Owner Jeff Lichtenstein and the Echo Fine Properties Team know the area like the back of their hands. They will make sure that you get a no-holds-barred realistic price of what your home is worth and how to market it to achieve the highest price possible.