Deciding on Your Home's Value

The number one home selling mistake is an over priced home. All home sellers want to get the highest possible price for their home. Most homeowners try to add an extra percentage to the asking price of the home to cover the high commissions of traditional brokerages to retain their hard earned equity.

Your property market value is determined by how much others have paid for similar properties in your community. We will present a Comparative Market Analysis (C.M.A.) to you, showing you exactly what other homes are selling for in your neighborhood. Keep in mind, the longer your home is on the market the more it is going to cost you. A competitively priced home will sell much faster than an overpriced home, saving you thousands of dollars in extra mortgage payments. Buyers are pre-qualified for a range that they are comfortable spending, if your home is over priced you will eliminate a huge group of potential buyers.

Another problem with pricing your home too high is that it will be difficult for potential buyers to obtain financing. Lenders require an appraisal that will reflect what the home is really valued at compared to recent sales in your area. Lenders will use the lesser of either the sales price or appraised value, which translates into no financing or a down payment of the difference.

[Save yourself time and money by coming up with the most competitive price for your home, and with our simple flat fee pricing, you can use the commission savings to more competitively price your home.]

• Ensure a Faster Sale: When your home sells faster, you can save thousands of dollars in extra mortgage payments and homeowner costs.
• Less Hassles: Preparing to properly show your home takes a lot of time and energy. Altering your schedule and maintaining a clean and orderly home are just some of the constant variables of showing your home. A well priced home will reduce demands on you, by ensuring your home sells faster.
• Exposure to More Prospective Buyers: At market price, your home will appeal to more people who can qualify in that price range. High sale prices eliminate a large group of potential buyers. Think of all the prospective purchasers that were discouraged at your original price, but would have qualified for your reduced selling price.
• Excitement: Create excitement! The word will quickly spread about a competitively priced home, which will move prospective buyers to make home buying decisions faster.
• Smart Buyers: Prospective buyers have more than likely looked at other homes in your community and know what homes are selling for that are similar to yours. Don't eliminate prospects.
• Attract Higher Offers: A well priced home is more than likely to receive attractive offers, buyers will fear the loss of the deal and act quickly. You will also be less likely to attract low offers.