There are 5 main ingredients needed for Selling a House:
LOCATION
CONDITION
THE MARKET
TERMS
PRICE
Location
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Condition
The home’s condition is crucial. Buyers pay extra for well maintained, clean, updated, clutter free, and light filled homes. To get the highest price for your home when you sell, make it sparkling, spacious, and easy to show.
The Market
Real Estate is local! Your competition, the economy, unemployment, time of year, etc. all influence the state of the Market. The pricing of any home must reflect that. Always compare your property to current active listings and nearby homes that have sold in the last 6 months.
The Terms
The more terms available on a property, the more potential buyers a seller can reach. Consider incentives such as buying down interest rates, having a discount for a cash sale, seller paying for an upgrade like new windows, etc.
Price
Price is the number one factor in the sale of a home. Any house is only worth what one buyer is willing to pay for it. Price must be in direct relationship to the other 4 ingredients and it is the most important factor of all. The price you choose determines how quickly you will sell.
The Results
When all of the ingredients are combined…we have a sale! If just one of them is out of line it will take a longer time to sell. The more ingredients there are out of line, it will longer it will take. Consider location, condition, terms and the market carefully and be sure to add a pinch of “wow” to your recipe.
We are excellent “cooks” Let us help you through the buying and/or selling process.
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