Get Top Dollar For Your Home- Information For Sellers in Oak Park, Agoura, and Westlake Village, CA
To get the highest possible price for your home, make sure it is ready to be seen and sold. In a market with limited inventory, you can get away with not painting or putting in new carpet if you don't feel like it. In this market, unless you are marketing and pricing your home as a fixer, all work should all be done before your realtor starts to sell it. You won't get another shot at a first impression. Buyers that have seen it when it first went on the market may not want to go back for a second look even when it the price is reduced. There are too many other homes they can look at. You should start out fixed, painted and ready to go.
The first offer may be the best offer. A buyer who makes an offer on a property within the first month a home is on the market, is likely to be emotionally attached to that home. An emotionally attached buyer is more likely to do what they need to do to make the home theirs, be it paying top dollar, or asking for less in the request for repairs.
Price your home right from the first day it is on market. The longer your home stays on the market, the longer you are carrying it financially, and the less you are likely to get in the long run. You will net more pricing it correctly to begin with, rather than chasing the market, and your competition, down. The winner is a changing market like today's is the first one out.
Know your competition. I understand. You aren't interested in the house down the street. After all, yours is nicer, and should sell for more. But your competition IS important. Buyer's shop not only price, but neighborhoods. If you have a home for sale in Oak Park, CA at a certain price, buyers will look at homes in a similar price range in all the surrounding areas- Agoura, Westlake Village, Thousand Oaks, etc.
Negotiate every offer!! It doesn't matter where the offer starts, it matters where it ends up!! Put on your buyer's hat for a moment. Wouldn't you make a really low offer, just to see what happens, and what you can get it for?? And if you are lucky enough to get multiple offers, which does happen, even in this market, we will counter every one!! How else will we know what the highest price would be for each of those buyers?
When you are looking at comparables, do not use sales that are more than three months old. Many buyers today will make an offer based on what they think the price may be in six months!! As many areas are now considered as part of a "declining market", appraisers may not use comparables that are more than three months old either!
How much you decide to ask for your home is ultimately your decision. After all, it is your house and your money! Some realtors will tell a potential client that their house is worth considerably more than is realistic in today's market. This is called buying the listing. This benefits the realtor, not you, the client, and is certainly not how I operate! Together we will look at prior sales, days on market, and other homes that have not yet successfully sold. After looking at all the information, you will be as much of an expert as I am, and will have all the knowledge to price your home correctly. You will price the property, I will market it, and together we will get it sold!!
For more information about how Carol Lee, and different areas of Ventura County, go to http://www.carollee4homes.com/
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