Get the Price Right

When I first started in real estate I attended a seminar on listing properties and the speaker said something that has always stuck with me.  He said that selling comes down to 3 things:  Price, condition, and location.  ‘”However”, said the speaker, ” condition and location will raise or lower your price, so it is really ONLY about price”.  This is so true.  The MLS system is so amazingly efficient that a buyer will find your home if it is priced well.  So, as a seller, worry less about balloons in the yard or directional signs and focus on pricing correctly.  If you want to figure it out on your own, here are some tips:

Tips on How to Price Your Home

  • Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?
  • Consider competition. How many other houses are for sale in your area? Are you competing against new homes?
  • Consider your contingencies. Do you have special concerns that would affect the price you’ll receive? For example, do you want to be able to move in four months?
  • Get an appraisal. For a few hundred dollars, a qualified appraiser can give you an estimate of your home’s value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute (www.appraisalinstitute.org) or ask your REALTOR® for some recommendations.
  • Ask a lender. Since most buyers will need a mortgage, it’s important that a home’s sale price be in line with a lender’s estimate of its value.
  • Get a Realtor who specializes in the area to assess value.  As someone that lives and breathes housing on a daily basis I can tell you that  no one is better qualified.
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About PortlandHouseListings.com - Tom Ramsey, local Realtor

Local Portland Realtor with 10 years experience specializing in residential sales and investment property. Tom Ramsey Oregon Real Estate Principal Broker John L Scott Real Estate Phone: 503-481-0501 tomramsey1@gmail.com www.PortlandHouseListings.com
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