The listing price of a property will depend on the local real estate market, the national market, the condition of the house, comparable properties in the neighborhood, and any variety of other factors. Check out the articles, columns, blog posts, radio shows and videos for more information about what goes into determining a listing price.
Once you figure out how the condition of your home compares to other homes that are for sale in your neighborhood, and you decide whether you're willing to fix it up for sale, you can turn your attention to pricing your property. To get the most money for your home, you should make it shine. Fix the broken items, repaint the interior, clean the carpet, "stage" your rooms, and clear out the closets and countertops.
A seller owns a home in a 100-year flood plain and would like to put it on the market. Because the property is on a flood plain, it will probably require a discount to sell it. In states with "seller disclosure laws", the seller will need to advise the buyer that the home is believed to be in a flood plain.
Real Estate Minute with Ilyce Glink Median Prices are Falling, But That Doesn’t Mean Houses Aren’t Selling Original Air Date: October 4, 2006
A home that it is priced below market value still doesn't have any offers. Doing a comparative marketing analysis on the home could show that the house isn't on par with the other for-sale homes in the neighborhood. The sellers also might need to take a critical look at their agent to find out why their home isn't selling.
When you're a new real estate agent and you're selling a fixer-upper, you may need to work with your client to adjust the listing price. While your client may want a certain listing price, what ultimately matters is what comparable homes are selling for in the same area. Research listing price through an appraisal.
When deciding on a listing price for your for-sale home, ask a few agents for a comparative marketing analysis. You can also visit open houses in the area to get an idea of the listing prices in your neighborhood. Seeing what amenities and prices compare to your own home will help you decide on a listing price.