IMPORTANCE OF PRICING YOUR HOME CORRECTLY
Correctly pricing your home for sale is the foundation to successfully selling it. While this may make sense to many homeowners, many homeowners make the mistake of developing their own idea of their home’s value. Among these mistakes include -
- My Neighbors just sold their house, so mine should be worth at least that amount.
- I checked on Zillow® and they valued my house at that amount.
- I recently saw that homes in Jefferson County have increase in value over the last year.
- The house next door sold a year ago for more than that amount.
- I called a Real Estate Agent and they said houses in my area are worth that amount.
- I can price it for whatever I want because buyers will always offer less.
LEARN MORE about avoiding these mistakes>
Why you should consider working with a Certified Real Estate Pricing Specialist®
Any licensed real estate agent can prepare a Price Analysis for Your Home. The only question is how competent are they? Have they been trained in selecting quality comparables and making adjustments? A Certified Real Estate Pricing Specialist has been trained in the process of professionally pricing residential real estate…
A Pricing Strategy Advisor adds a difference perspective to property assessments.
Working with a PSA adds valuable perspective to your transaction while taking the guesswork out of pricing. Gain the confidence that the home you buy or sell has the most accurate price.
There are many reasons why a home doesn’t sell …a Seller Representative Specialist can help
While there can be many reasons that a home doesn’t sell quickly, Price and marketing are the most often ones. If your home isn’t selling, maybe you should have an analysis done by a qualified Seller Representative Specialist. LEARN MORE>
The BPO versus the CMA.
Which one fits Your needs?
Many people know what an appraisal is or they’ve heard of a Comparative Market Analysis (CMA) and Broker Price Opinion (BPO); many don’t usually know the differences between them.
Real estate agents perform a CMA when needing to come up with an initial listing price. This typically free report contains information on recently sold homes, pending sales and active listings that are similar to the subject home. In preparing this report, dollar and condition adjustments are rarely use.
The BPO is considered a formal more concise version of the CMA. In addition to homeowners ordering them, they can be ordered by a bank or lender to determine the Fair Market Value (FMA) of a property that may be in the process of being foreclosed on or a property whose mortgage is being sold.
In years past the BPO was much like a CMA in that it looked at similar homes and dollar adjustments were rarely used. In completing today’s BPO, the preparer has multiple hats of an appraiser, contractor and real estate agent. In determining a home’s FMA, the preparer must determine condition, cost of needed repairs and estimated sales times at different prices. MORE>
Thinking of selling your home?
The New Way of Selling Your Home
Avoid the old-fashioned way of selling your home! Did you know that most people sell their homes inefficiently? In the old fashioned real estate way of selling, you wait for the problem to occur instead of addressing it head on. Why wait for a potential buyer to find out if your home has issues? This causes you to lose marketing time, great buyers, top dollar for your home and you miss out on the opportunity to differentiate yourself from other homes on the market. Do 4 simple things to remove the major headaches of selling a home. READ ON…