Live/Work St. Charles County - 5 Things to Consider When Income Declines

When your income from investments starts to decline or other situations cause a decline in income one of the first thoughts is to downsize or move to a lower cost home. If you are thinking this way there are several things to consider when looking for an agent to put your home on the Market.

Dont Wait

Depending where you live the average days on market varies. If you have made a decision to sell your home, start interviewing realtors now. If you are unable to make a mortgage payment you shorten the window available for marketing your home.

Lower Commissions Doesn't Always Mean Better

Choosing a realtor by the commissions they offer doesn't mean you will receive the best service or the best marketing of your home. Be sure the realtor you choose clearly outlines what marketing they are doing, how you will receive feedback and what sources provide feedback. You could find out you have your home in the multi-listing service but no marketing is being done, or that you have to hold your own open houses etc.

How Will Your Home Be Presented?

Many home buyers research on-line to search for homes. What will the pictures look like that are being posted on-line? Do they feature your home well or are they dark and hard to see? Will the realtor use a professional photographer?

Is Your Home Ready for Market?

Is the realtor familiar with city inspection guidelines and unnderstand's home construction to ensure those important items are repaired before your home goes on the market or can inform you where price adjustments may need to be made. Is the realtor familiar with staging a home and able to provide consultation. Your realtor should be able to go through your house with you and make a list of to do's that buyers will notice.

Pricing

Understang the market in your area is key and selecting the right starting price is also essential. Selecting a realtor because they agree to sell it for the highest price is not wise. Be sure the realtor provides you with plenty of data, comparable listings, and trends information to help you decide how to price your home. The work isn't done there, montoring the market on a daily basis and keeping you informed of activity is key to getting your home sold. Be sure your realtor has the tools and the processes to keep you up to date.

Your property is a large portion of your investment profile. Working with a realtor who understands this and places your home as a top marketing priority is key. For additional information on listing and selling a home e-mail us at mikeandpat@trails2openspaces.com.

Contact Mike and Pat Simms, Realtors, Prudential Select Properties, Licensed Realtors in Missouri at 314.749.0921 - Mike Direct or 314.749.9862 - Pat Direct to list or purchase a home. If you prefer to contact us by e-mail - MikeandPat@Trails2OpenSpaces.com What is your Life Style? - To register a search for homes 24 x 7 in St. Louis, St. Charles, Warren or Lincoln counties go to www.StCharlesHomeHunter.com. If you would would a comparative market analysis on your home go to www.StCharlesMarketValues.com. We would be glad to set you up with our "Market Snapshot" a property investment profile for your home and develop a preliminary comparative market analysis. Your home does not have to be located in St. Charles county to receive this complimentary service. We service homes in the Great St. Louis Area.