Strategy Behind Pricing Your Home For Sale
The hefty investment that it is, a house should yield a healthy return at re-sale. Yet such a gain should never be simply assumed.
The hefty investment that it is, a house should yield a healthy return at re-sale. Yet such a gain should never be simply assumed.
"For Sale by Owner" sometimes adorns lawn signs around any given community. Essentially, this conveys one message: the owner does not wish to share any part of the home sale proceeds with a real estate broker or agent.
There are several keys to determining home values. Of course the old real estate adage, "location, location, location" is the most common in the real estate world.
The home-buying process is stressful and aggravating when sellers hold all the cards. Negotiations seem fruitless, especially in a sellers' market. Hitting the wall time and again just increases the appetite for a motivated seller.
When looking for a new home, many shoppers gravitate toward free-standing, single-family residences while others look for residences within condominium associations or planned unit developments (PUDs).
Consider this scenario. You have lived in an older home for decades. While you made renovations here and there, even those are in need of updating. To complicate matters, neighborhood homes are being razed by new buyers -- many are real estate investors -- who erect new houses in their place.
According to the National Association of Realtors, total housing inventory at the end of June 2020 was down 18.2% from a year ago. Homes are being placed on the market for sale and frequently receiving multiple offers resulting in bidding wars.
Planning to sell your home? Be sure to prepare for some paperwork as disclosures will be involved. Some required and some not, based on the state in which you reside.
Relocating for work or family or cost of living always involves a tricky two-step: selling the original house and using the proceeds to subsequently purchase the new one.