 Posted 9/19/2006 4:40:19 PM
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We pulled comparable homes in the area. We assessed our mark-up based upon recent homes for sale. As the market changed, we lowered our price to above what our bottomline price was if we "had to get out of the house." We were in a position where we didn't "have to sell". So we outpriced our house a little bit knowing where we would not fall below our bare minimum. During negotiations...we ended up compromising and sold the house for $15k above our bottomline want....and only 5k under our asking.
From the day we put up additional signs and put our first advertisement out (when we got serious about moving...and placed the realistic price on the house)....it was exactly 3 months. This was from first day of advertisement through our settlement date.
-Dawn
This message was posted on behalf of an Owners.com customer who wrote in to customer support.
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Posted 10/30/2006 5:21:05 PM
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| I used the internet to get as much information on the price of houses in the area. I also used your recommended appraiser for pricing my home.
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Posted 11/2/2006 2:21:16 PM
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I determined the asking price of my home based on what sold in my area. However I raised my price by $7,000.00, because it was a custom home.
I did not lower my price to make the sale.
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Posted 11/14/2006 10:43:48 AM
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| Pricing a house correctly is essential. Know the neighborhood comps for houses SOLD in the last 6 mos. Be perceived as a good value from the beginning to turn the house quickly.
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Posted 11/21/2006 12:14:45 PM
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| I did my own market analysis from info I collected from classifieds, houses that had sold in the area (court house doc) and a Realtor who offers free market analysis (I think all Realtors offer this service).
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Posted 11/28/2006 12:32:42 PM
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I educated myself on the current market and competition and stayed on top of other listings in the area and their prices and which homes sold and for what price. We visited other open houses in our area for comparison. So when it came down to what price to list at I had a good idea based on our situation what we should sell for.
The real success was getting the house ready before going on the market.
Get rid of the clutter, paint inside with neutral colors. Invest some monies for necessary repairs and/or upgrades such as carpet, light fixtures, door knobs, kitchen countertops and sink, ceiling fans. I kept the lawn mowed and landscaping sharp with flowers in bloom. Keep a clean house that shows well. We invested time and about $4k to get the house ready and in my opinion it made all the difference.
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Posted 3/19/2007 4:38:39 PM
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I kept an eye on all real estate transactions reported for my town and the immediately surrounding area. My main resource was the newspaper; I also used Zillow.com for a secondary reference, although that proved to undervalue my home and others in the area.
I looked at every on-line listing resource I could find: MLS, Isoldmyhouse.com, many web sites operated by full-service real estate brokers, etc. I also looked at Craig's List for our market.
With those reference points, I was able to come up with a good offering price.
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Posted 3/26/2007 5:30:01 PM
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I USED AN APPRAISAL AND MARKET RESEARCH IN MY NEIGHBORHOOD.
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Posted 4/4/2007 12:27:25 PM
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Check out the prices on the homes for sale in your area…in my case the homes in my area were going for $100 a square ft…we decided to sell our home for $95 a square ft and undercut the competition. Keep a constant eye on the prices some of the agencies in our area dropped their prices right after we listed.
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Posted 9/15/2007 9:21:49 PM
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| I am new to the forum and find it helpful. We are planning on putting our home on the market at the turn of the year. We had a broker over to go over what to expect in a soft market. We have done alot of upgrades to the home, it's in a very nice area, it's 2100 sq feet and I was told it's just a 'common' house. The comp he gave us was very disappointing. Much lower then zillow and almost as low as my property assessment. He said if we want to sell it we got to keep it low due to high inventory. I pointed out that all houses are not created equal, that a house equal to mine in size could also be dump. He did agree. I feel that all we put into this home has been for nothing. How does one get around this type of issue? We own it and do not need to sell, in fact all the upgrading was done because we did plan on making this a 'forever' home. We need to sell this one to purchase our next home as we are retired and our assest is this home. Any advice or are we just at the mercy of those that determine what the market should be?
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