Selling Your Home Made Easy
 

Price is #1 Factor in Selling Your Home...Quickly!!

We get the same question every day from our new customers. What is my house worth? Basically, your house is worth what someone is willing to pay for it. Now that's a bad answer…true, but a bad answer. Having said that, it is true that Price is key in selling your home - and selling it quickly. This is true whether you sell it privately or sell through real estate.
 
BUT, because you are selling privately, this is your one huge advantage over someone selling through real estate.
 
In order to take advantage of this, it is important that you know what your home is worth, what other homes in your area have sold for, what type of shape was it in, how long was it on the market, etc.
 
This is what we have done when selling our homes privately to come up with a reasonable price:

1. Open Houses

Go to open houses in your general area to get a feeling of what competition you are up against. Make sure to look at the features of the home as well as the condition. Also, check some homes in other areas of the city to get a feeling of whether your home is in good condition.

2. Talk to Real estate Agents (3 Quotes)

If you have no idea what price you want to charge it is important to get at least two or three real estate agents to do an independent analysis. Real estate agents will have access to the homes that have recently sold in your area and can be valuable in assessing your homes value.
 
I knew a couple in Medicine Hat that had three real estate agents come in to do an analysis. They had quotes that ranged from $175,000 to $199,000. They chose to list at $199,000 and sold it in a day. Now image if they would have listed it at $175,000 as the first real estate agent was recommending? They would have lost over $20,000 of their hard earned equity.
 
We work with a real estate agent that will come in and give you an evaluation…no high pressure…will also answer questions while you are selling it.
 
Note: DO NOT get talked into listing your home with the agent, sometimes they can talk you into something that you don't want to do.

3. Talk with your Friends and Relatives

Many times friends and relatives will have an independent view of things. They take out the bias that you may have for your home and what you may think your home is worth. It is important though to tell your friends and relatives to be honest.

4. Appraisal

Get a professional appraisal done by an independent appraisal company in your city. This will cost you about $150 - $300, but can pay for itself quite quickly if you undervalue your home or your home sits on the market because your price is too high.

5. mls.ca

Check online at mls.ca . You can research some homes that are comparable to yours.
 
PRICE is the #1 Reason that you should be selling your home privately.

For example: if you want $150,000 out of your home you would need to list it for at least $165,000 with a real-estate agent. If you sell it privately, you would be able to advertise a price of $152,000 and accept $150,000. Now which would sound better if you were a buyer? In fact, pricing a home at $152,000 instead of $165,000 allows you to bring in a larger sector of the market. More people can afford a $152,000 home as opposed to a home selling for $165,000.

 

IMPORTANT: It is crucial that you know what will give you the better net value. Make sure that the money you are saving on real estate commissions gets passed on to the buyer as well. Don't be greedy and keep all of this money yourself. Also, don't be scared to spend a little bit of money on advertising including a web site.. If you want a quick sale this is important.

Price is very important and it is important that you get the most money for your home.
 
Before seeing what your home is worth, make sure to check out the next section on "Getting the most money for your Home"

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