Its the PRICE ITS THE PRICE THAT SELLS A HOME Written by Blanche Evans Youve heard the old saying - Location, location, location. The real truth is Location, condition, and price. And price trumps every other factor. Location affects the value of a home, but its price that sells a home. Oceanfront, mountainside, or penthouse, the most desirable location in the world wont sell at the wrong price. Every property has a potential buyer, but like rock, paper, scissors, its sometimes hard to know which factor is going to win the showdown. A good location will sell at a fair price. A bad location will sell at a fair price, too. It just wont be as a high as it would be for a good location. A home in good condition will sell for a fair price. A home in poor condition will also sell at a fair price. Again, it wont be as high as a comparable home in better condition. But neither location or condition will sell any house. Only one thing does that - price. So if youre a seller waiting for that special buyer who will appreciate your faded pink and black bathroom tile, your vintage orange shag carpet and is willing to help you put your kids through college because of your real estate prowess, youre going to have a long wait. So if your home is represented by an agent, and its been on the market for a long time, chances are its your own fault. Maybe you didnt listen to your agent when he said youre pricing your home above the market. Maybe you got mad at the first few folks who looked at your home and didnt make offers. When the showings stopped completely, maybe you accused your agent of not doing a good enough job. You put the blame on everyone except where it belongs - on you. Its not about you, what you want, or how much you need for your retirement. Its about the price.
Posted on: Mon, 01 Sep 2014 14:20:07 +0000
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