I came across a post by Debi Ernst that I thought was worthwhile reblogging. It is an important message for all.
Read on:
Okay, so it's time to sell your home. There are many reasons why this may be so...
Maybe your job is transferring you, or you want to move closer to your grandchildren. Or, maybe you have to move for financial reasons.
Whatever the reason, your home is going to sell for whatever the market dictates. In times like these, you need to be informed about what the homes similar to yours are selling for in your neighborhood. That is ultimately what you can reasonably expect your home to sell for.
Unfortunately, it doesn't matter what your home would've sold for a few years ago, or what it appraised for when you were refinancing last year. It doesn't even matter what you need to get for it in order to move to another home. The market is unbiased and uncaring.
Please remember that your realtor honestly wants your home to sell for the most it can. The CMA (Comparable Market Analysis) is really just presenting the facts. So, please be realistic when determining the list price!
Service you Expect from a Realtor you can Trust!
GRI, e-PRO
www.SelectMyHome.net 314-640-7061 (cell) Prudential Alliance, REALTORS 636-887-3554 (office)
Ahhhh, if only sellers were always realistic when considering the price of their home.
The market truly dictates what a home will sell for.
And understanding the comps is a good place to start when coming up with a realistic price.
Craig:
Now if we can only convince the sellers to use the comps to help set a realistic price for their home.
Brigita