Are you serious about selling?

Posted by Andreas Holder on Wednesday, August 29th, 2018 at 10:43am.

Are you ready to sell?

So you have decided to sell your home and figured out some strategies that you think will yield the highest price and shortest time on market. Your real estate agent might not necessarily agree and in fact, will most probable tell you that these techniques may well be hurting your chances of selling the house quickly and at for the most money possible.  

“I’m not making any repairs.”  Today's buyer prefers to buy a new home or a home that was recently renovated and is in perfect move-in condition. Many buyers don't have the time or patience to go through a renovation project. It pays for the seller to make all necessary repairs and possibly some remodeling to bring their house in top shape before listing it. 

"My home has to be worth more than that.”  There is only one factor that determines the price of your house, and that's he market. It doesn't matter how much you paid for the home when you bought it or how much you invested in it. The important thing is that you enjoyed it while you lived there. Your agent will provide you with a comparative market analysis that will determine the market price of your house. 

Let’s price it higher and see what happens.” This is a very risky strategy and seldom works out for the seller. If you overprice your house, no one will even look at it and you will lose valuable market time. And buyers who may be interested in your house will quickly find out that it is over priced and will move on. 

In all three scenarios, you will have to adjust your price and that hurts your credibility. In reality, your home is worth what a qualified buyer is willing to pay for it. 

 

Andreas Holder, Chicago Real Estate AgentAre you thinking about buying a home this year in Chicago? Andreas Holder can help! Let him be your guide to the downtown Chicago real estate market and help you find a home that not only matches your needs, but your lifestyle too.
Learn more about Andreas or start your home search now.

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