Questions to Help You Analyze Your Pricing Strategy

Some real estate sales people may tell you that your house is worth more than it really is, just to get you to sign a listing agreement with them. Don't list your home on the basis of asking price alone. A home that is listed too high will have trouble selling, go through several reductions, and languish on the market.

The real estate market has ups and downs just like any other financial market. A Realtor can quickly help you determine if your home is in a hot area and show you ways to maximize the profit on your sale. Conversely, if your house is in a depressed market, a Realtor can suggest ways to make it stand out from the crowd.

Before signing a listing agreement you should be presented with a thorough Market Analysis, which is a survey of similliar homes that have sold recently in your neighborhood.

Many factors play into the desirability of a home, and the asking price must be adjusted accordingly to make a sale. Homes that do not sell in a timely manner will become stale. Buyer Agents working with clients naturally check for new listings. If they have shown your house before, and their clients show no interest, they will be less likely to show it again. Price adjustments are sometimes necessary. If you price your home in line with the market to begin with, however, these adjustments will be fewer, smaller, and may only occur during contract negotiations.

People often sell property for strictly financial reasons. Proper pricing is the key to getting the best return when time is of the essence. Ellie is an expert at determining the market value of Homes in Omaha. Homes she listed in the past year sold on average in 32 days.

Generally speaking, residential property appreciates at about 5% annually. Because the purchase of a home is often financed, people who sell within 1-3 years of buying may lose money because of interest on their loan. In some cases owners may have bought in an inflated market and may now be selling in a down market.

This is the hard question that some of us must face when considering selling. Ellie cares about her clients, and she will be honest and frank when she gives her professional opinion on the value of your home. If it appears that selling at this time would not be the best thing for you, Ellie advises that you wait.