Buyers Resources


Property Search

Map Search

Home Hunter

Featured Properties

Thinking of Buying a Home

Schedule a Showing

Common Buyer Questions

 


Sellers Resources


Thinking of Selling Your Home

Home Improvements

Common Seller Questions

Am I Priced to Sell?

How Long to Sell Your Home

 


Mortgage Info


Mortgage Services

Mortgage Calculator

Mortgage Information

Request More Information

Contact Us

 


Moving


Preparing to Move

Moving

   

Am I Priced to Sell?

Attracting buyers is the name of the game, Work With Us and we will take the guess work out of selling your home. As a seller, you have two goals:

  1. To get the most money possible
  2. To sell as quickly as you can

Priced To SellVisit our Sellers Page to get started on making these two goals a reality!

Be realistic. Price is the number one factor that most home buyers use in determining which homes to view. Although the price is set by you, the seller, the value of the home is determined by the buyer. Don't allow your enthusiasm to warp your judgment and lead to overpricing - a mistake you can't afford to make.

Here are some factors to consider - recommended by experienced residential specialists - to help you sell your home. This information is not all-inclusive and does not replace the expertise provided by a Certified Residential Specialist (CRS).

  • Urgency. How quickly must you sell?

  • Competition. Are there just a few or many homes available in your price category and area?

  • Available Financing. Does your home come with an assumable loan that is below today's rate? What are the current home loan interest rates? What financing alternatives are available for your home and area?

  • Competitive Market Analysis. Do you know what similar homes in the area sold for within the last six months?

  • Expenses. What are your selling costs?

 

What Doesn't Affect Your Asking Price?

  • Original Cost. Your price is determined by today's market.

  • Investment in Improvements. Potential buyers will evaluate you home (i.e. wallpaper and carpet) and may include the costs to remove or replace in their offer.

  • The Cost to Build Your Home Today. A replacement value is determined for insurance purposes only.

  • Personal Attachment. Prudent buyers purchase based on their emotions, not yours.

  • Neighbor's Claims. Don't listen to what your neighbors tell you is the fair market value for you home. Other homes in your neighborhood may not be as similar as you think. Also the terms accepted by both the buyer and seller greatly affect the sale price.

 

What Happens to an Overpriced House?

                                       
  • You'll Help Sell the Competition. The "correctly priced" homes look even better if your is overpriced. Most buyers are competitive shoppers.

  • Priced to SellYour Home Will Stay on the Market a Long Time. Did you know that 80% of your potential buyers will see your house in the first four to six weeks? If you don't sell them then, it takes approximately three months to replace them with an equal number of newcomers.

  • You'll Lose Market Interest and Qualified Buyers. Serious buyers use the value, quality and price of similar properties as deciding factors.

  • A Negative Impression is Created. People will wonder why your house is still on the market - they'll believe something is wrong with your home.

  • You (The Seller) Would Lose Money. You may have to make extra mortgage payments as well as incur taxes, insurance and unplanned maintenance costs.

  • You (The Seller) May Have to Accept Less Money. Studies show that the longer a house is on the market, the greater the discount off the list price. Often a seller will accept less than fair market value in order to sell because of an approaching deadline.

  • There is the Potential for Appraisal Problems. The appraiser from your buyer's lending institution must agree that the home is worth the asking price. If the appraiser believes the price is inflated, the loan may not be approved.

 

Look To a CRS When You Need Answers Fast...

As you can see, there are a multitude of factors that determine the asking price of your home. Finding this price yourself can be a long and difficult task. That is why thousands of satisfied homeowners, like yourself, turn to a residential specialist. A residential specialist has the tools necessary to compute the fair market value of your house quickly and accurately while allowing for personal considerations (such as the date by which you must sell). Your residential specialist can also confidently answer your questions about listing, pricing and showing.

A residential specialist's goals are the same as yours:

  1. To get you the most money possible;

  2. To sell your home as quickly as you can;

  3. To make selling your home a pleasant and profitable experience for you.

When You Want to Price Your Home to SELL FAST...

List With Us or visit our Sellers Page and we will be happy to help!

Bookmark and Share

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


Copyright 2013 by the Mulitiple Listing Service of REALTORS® SERVICES CORPORATION a subsidiary of the Northwest Mississppi Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the REALTOR® SERVICES CORPORATION a subsidiary of the Northwest Mississippi Association of REALTORS®. Mississippi recognizes single and dual agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is not prohibited.

Properties marked with the NWMLS-RSC MLS-approved icon are provided courtesy of the NWMAR-RSC MLS.


Each office Independently owned and operated

Relocation Partners 

Fort Worth Homes and Real Estate

CENTURY 21 Maselle & Associates
4001 Lakeland Drive
Jackson MS  39232
(601) 981-1111
(800) 700-2121
Fair Housing and Equal Opportunity Fair Housing and Equal Opportunity