items into consideration when appraising a home. Location near industry, high traffic, or potential development will also affect the appraisal.
A CRUCIAL PART OF SELLING YOUR HOME FOR MORE IS YOU
We’ve seen that there’s no calculable certainty in setting the value of a home. There can be wide differences between the assessed price, the asking or listing (market price value), and the price at which the home sells (sale price). A market in which homes sell within six months of listing is considered balanced or neutral, meaning enough homeowners are selling and customers are buying that neither has an advantage. A variable, such as a major retailer entering or leaving the area, will tip the scale toward sellers to make a “fast” market or toward buyers to create a “slow” one. The average time in a fast market might be 30 days, and the average time in a slow market could be a year. Typically, any number below six months is considered a seller’s market. Let’s touch on what you can do to elicit offers at the listing price, or even above, in a competitive market. As mentioned earlier, the partnership between seller and real estate agent will make an enormous difference in results. The agent can professionally market a house and bring in a qualified prospect, but then the deal is blown because the seller didn’t clear his garage of his beer can collection during a critical showing, or because the snow wasn’t cleared, or because the walls are painted kind of “funky.” There’s only so much even the most talented real estate agent can do. The seller’s time, effort, and investment are the most important
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