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Price it accordingly, the new catch phrase

May 21, 2009

Question mark Price is accordingly, it should be the new catch phrase.  Yes, there are a glut of homes that aren’t moving. However there are homes that are moving, homes that are well priced are being sold. What does that mean?

Well priced considering condition. If your find a home that sold that is very similar in many ways to your except one, condition, you need to price your home accordingly. If you are in better shape, you have done recent upgrades, you are clean, neat, ready to move in, you are on top of the heap. If you home requires work you need to be priced lower. Take for instance you know you need a new roof. You know what that is going to cost. What is your best option? Price it accordingly if you can’t replace the roof yourself.  Price it accordingly if you can’t put in that new septic.

according to what

Well priced considering location. Are you on a busy road? Is there a half mile long dirt driveway to your house? Is your driveway steep up or down? These affect the pricing of your home too. You must consider these when pricing your home to sell. Finding the right buyer can be hampered by a severely compromised driveway, however pricing accordingly can help to get that offer.

according to who

Well priced all the way around. Take a good long look at the comparables that have sold. It is very difficult to be objective about something we not only have so many memories tied into, but debt certainly plays a part in our ideas about what a house should sell for. Debts are never to be considered in the pricing of your home. A buyer is not going to care what your mortgage obligation is, or what your credit card obligation is. An appraiser will certainly not take your debt into consideration when giving an opinion of value to your home.

My strongest advice on pricing your home these days? You guessed it.

Price it accordingly!


© 2009 Andrea Swiedler. Unless otherwise noted, the content, both written and in pictures, is the property of Andrea Swiedler. If you wish to use something you see here, please email me (andrea@andreswiedler.com) with your request. Most likely I will oblige, with a link back to my original content as well as an acknowledgment. Although imitation is the highest form of flattery, please let me know before you decide to bestow this form of flattery on me! Thank you.

Looking to purchase or sell a home in the greater New Milford CT area? Please contact me , or visit my website to find out more about me.

What is good about New Milford and the surrounding communities? Check it out! More information about local real estate, local happenings and local photography.

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