Perhaps you are ready to make the next big step. Maybe you’ve decided to jump in and sell your current house and buy a new one. When selling, a main concern may be: “how do I sell my house for the best price?”
If you want to protect your assets, here are some things to keep in mind:
1-Prices Vary
Depending on the area, prices and demand will vary; some will increase, while others decrease. But don’t allow that to discourage you. According to Dick Gaylord, president of the National Association of Realtors, in many markets, home prices have increased from last year.
2- Study the market
Find out what your house is worth by comparing it with similar houses in your neighborhood that have sold in the last 30 to 60 days. Your real estate agent will facilitate a study of the market, and help you determine the best price to sell your house for. Ask your real estate agent to do a Comparative Market Analysis (CMA) to determine your home’s market value.
3- Consider Strategic Pricing
Like the stock market, prices will change each month. One month the price may drop 2%, the next month it may go up 1%, so you will have to make adjustments to the price you are setting according to the fluctuations of the market. Selling when your house is worth more is definitely the way to go, for obvious reasons. If you are able to sell at a time where you can get more bang for your buck, more power to you. Nevertheless, we recognize everyone can’t wait due to external circumstances. Continue to be in contact with your Realtor about the price of your home, and make adjustments as necessary depending on the market.
4- Hire The Right Real Estate Agent
The key to selling your home successfully is finding a real estate agent who is reliable, trustworthy and keeps your best interests in mind. Don’t know what to look for when hiring a Realtor? Check out our previous post on How To Hire The Right Real Estate Agent
Via: MSN Real Estate, USA Today
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