Recipe For a
There are 5 main ingredients that make up the sale of your home:
1. LOCATION: We usually cannot move a home! To
coin the favorite
phrase of appraisers: “Location, Location, Location.”
The pricing
of your property must reflect its location.
2. CONDITION: The upkeep and presentation of your
property is
crucial to obtain the highest value for your
home
in any given market at any given time. The pricing
of your property must reflect its condition.
3. PRICE: Price is the number
one factor in the sale of a home
A
property is really only worth what one person is willing
to pay another to gain ownership of it. Price must be
in
direct relationship to the other 4 ingredients and it is
the most important of all!
4. TERMS: The more terms available on
your property the
more potential purchasers you reach. The
pricing of your property must reflect the kinds of
terms available to purchase it.
5. THE
MARKET: i.e. Interest Rates,
Competition, and the Economy
all make up and
influence the state of the Market
when you sell your home. The pricing of your property
must reflect the current status of the Market.
When all of the above ingredients are in agreement. . . we have a sale!
It just one of them is out of line it will take a longer
time to sell, and . . .
The more ingredients there are out of line . . . the
longer it will take
Before the sale of your home takes
place.