Is My House Priced to Sell?

Is my house priced to sell?

The right price means a successful sale. Pricing your home is an art and a science. Achieving the optimal price is the result both of objective research into comparable properties and a gut feeling about your property and the current market. The right price should always attract buyers, allow you to earn the most money possible and help you sell as quickly as possible.

The number one factor that helps homebuyers determine which homes they want to view is price. It is important to remember that you, as the home owner, set the price, but the home’s value is determined by the buyer. Overpricing is a common mistake that can cost you in the end.

Here are some factors you should consider when determining price:
1. The timeframe in which you need to sell
2. The amount of competition in your price category and area
3. The availably, flexibility and affordability of financing
4. The sale prices of similar homes sold in your area during the past 3-6 months

Here are some factors you should NOT consider when determining price:
1. The original cost of the property; price is determined by today’s market
2. The cost to build your home today
3. Emotional attachment
4. The opinions of friend and neighbors.

Problems can arise from overpricing. Your home may stay on the market longer. You could lose market interest and qualified buyers. You might create a negative impression of the property.
Hiring an agent can help you avoid overpricing. With a mix of real world experience and advanced training, I can help compute the fair market value of your home based on both marketplace and personal considerations. Remember, the right price is the key to a successful sale. Work with me to price your home accurately the first time.

Should I Rent or Own?

Should I Rent or Own?

For some people renting a property may be the right choice, both financially and personally. Which is right for you? Consider the following:

1. Which will cost less each month?
Rent can still be affordable, but you should compare it to what a mortgage payment would be for a similar property. If your potential monthly mortgage payment would be lower than your monthly rent, it might be time to buy.

2. Which offers more value?
A home is an investment. A rental property is an expense. Home ownership allows you to build up equity over time.

3. Which offers more stability?
As a renter, you are subject not only to rising rental expenses, but also to the sale of your building or home. As an owner your home belongs to you until you are ready to move.

4. Which is better for your credit?
Home ownership is a major indictor of financial responsibility and stability, which contribute to building a strong credit history.

5. Which helps you to establish roots?
Unlike homeowners, renters are more mobile and often don’t establish roots in a community.

No question about it, homeownership is a big investment, maybe the largest you’ll ever make. Over time it pays for itself. There are several tax and investment benefits to owning a home, as well as personal satisfaction. You will enjoy the pride of homeownership; for many people, it is a sign of independence and achievement. Call me and let’s figure out if homeownership is the best choice for you!