This is the simplest and commonest advice you can hear about selling Tampa real estate: price it right for the market and it will sell.
How do you do this and how do you prevent from underpricing and leaving cash on the table? You also do not wish to price it too high and let it linger and stagnate on the market. When you wish to good sale of your Phoenix home then you need to do the analysis and price it properly from the start of the sale, so here are four steps to pricing right.
Find a professional real-estate agent: To help price the home right the people involved in doing this has to be experienced, informed and have the proper tools. Don’t pick your agent lightly. You will have a rough idea of what you home is worth, but you need steerage and when you get it confirm it. You can do this by checking information yourself, because views differ.
Check close sales and active homes: One of the primary lists that’ll be checked is what sold lately. A good agent will know the inventory and how to compare it with your home. These sold houses are ones that actually moved from one owner to another and signify a real market price someone was happy to pay for a particular property. It is vital to use as recent comps as practical. The newer the better and it’s not recommended to go over 6 months and certainly not 12 months. It might be better to move your area out a bit vs going back further in time. Also look at expired homes, what failed to sell and then naturally look at the competition. Sold homes are important, but if there are competing houses on the market for less then that’s the new market.
Be hard-headed about the competition: Be realistic about comparing houses. Although some houses are similar, other houses may offer more or less then yours. Floor-plans, colours and lots are all important. What does the market need and which houses satisfy the need? As an example, 2 bedroom homes are always more complicated to sell then 3 bedroom homes although they both could have the same facilities and sq footage.
Know it’s now a product: Once you decide to sell your home, it is no longer a home, it’s a house, a product. That’s not always easy to come to terms with, but you have to let it go, you have to let go of the emotional attachment. This will help you make better decisions on the pricing and sale of the property.
inPhoenix Realty Group is a bunch of experienced property agents working in Larger Phoenix to help both buyers and sellers with the dicey and ever changing business and processes of the Tampa real estate exchange. The group focuses first on Tampa homes sales, but also provides services to stockholders of revenue properties.