The MOST difficult obstacle for sellers to overcome in this market is accepting the realistic, fair market value of their home.
YES, It's True:
1. Home prices have declined significantly since the housing boom.
2. Pricing is the ultimate determinant for selling a home.
3. Flexibility regarding Buyer incentives are necessary.
4. Open Houses are one of many great marketing tools.
5. Staging your home is great way to sell a home faster.
NO, It's False:
1. Sellers dictate a buyer's market.
2. Zillow.Com can tell me what my home is worth.
3. FSBO is the easiest and least expensive way to sell my home.
4. If you are selling your home in AS-IS condition, you don't have to make repairs.
5. Short-sale is a streamlined option for selling your home.
FACTORS TO DETERMINE FAIR MARKET VALUE
-Price of comparable sold homes in the neighborhood or building up to a 1-mile radius
-Comparable sold homes must be within the last 3 months
-Updated or upgraded amenities
BEST TIME TO SELL YOUR HOME
-Spring and Summer months are the best time to sell your home.
Share with me your thoughts.
Call me at 301-452-4767 with any real estate questions!