Importance of getting your house valued when selling a house as is
June 4th, 2009 -- Posted in Real Estate | No Comments »Importance of getting your house valued when selling a house as is
While deciding to sell your house, there are certain aspects to consider for a good sale. Apart from maintaining the cleanliness quotient and ensuring all the electrical and plumbing phases are in working condition, the value of the house has to be estimated before you quote a price for it. The reasons why you want to sell your house, is the foremost consideration that is taken into account when determining the house value. The elements that need scrutiny before the valuation of the house can be made are: The location of your house, whether it is far from the city area or in the prime locations, would affect the assessment of the house. The age of the house and its current condition. The average per-square rate of the area in which your house is located. The facilities provided with the dwelling play a vital role in valuation. Whether the house is fully, partially or not at all furnished, whether it has a swimming pool, clubhouse or garden or no such facilities are available. Benefits The significance of getting your house valuated is that buyers tend to certain price ranges to fit their budgets and formulating a price close to the fair market value will better your chances of striking a good deal. All house sellers are advised that they avoid being caught up in the high price deals promised by their agents and brokers. This is because many times sellers get charmed by the high price quoted by agents thinking it is the best deal and often overlook the fact that the price quoted is way above the market value and hence will not be taken up by anyone. This in turn increases the time period of the sale, which might hamper the house’s market value even further and the sellers may find themselves selling their house for much lesser amounts than was possible earlier. Getting a professional with a good track record to value your house will not only ensure the correct price but will also save your house from being held due to a poor estimation. How to increase the value of your house You need to know the market and other house deals that have taken place in and around your area. This will help you self-analyze whether the rate estimated for your house is reasonable, even without the help of a broker. The next thing you need to decide on is a minimum price for your house. If the buyers cannot afford the stated price, they you can negotiate from that minimum price so that you still end up making a profit on the sale. You should enquire about the average selling time for a house in your area. If your home sale is taking much longer than the average time, then the problem could be the price, which would undoubtedly be higher than the market value. In order to increase the value of your house, compare it to other properties in the vicinity and alter the price if necessary. Sellers need to track market movements and make regular checks on the stock of unsold local inventory and price changes. The house tax, property tax, maintenance charges and other costs need to be considered during the evaluation.We will buy your house As Is Now in any condition including Ugly Homes. If you need to Sell Your Home Fast Orlando, Jacksonville, Atlanta, Charlotte, Cincinnati, For Lauderdale, Houston, Tampa and Fort Myers. Visit us at http://www.asisnow.com. Call 1-800-AS-IS-NOW (800-274-7669).
Source: www.ArticlePros.com
The Traditional Real Estate Model Has Changed
The foundation of the real estate economy is based upon the commission earned from the buying and selling of property In every transaction, there is a buying side and a selling (listing) side Real estate companies focus more on the listing side because listings also attract buyers In most markets, if you control the listing market you will have market share (more transactions) The company can also increase market share by recruiting more agents . .Most companies’ recruiting efforts focus on promoting their market share, brand awareness and office culture Agents are attracted by the potential of business opportunities provided by a company’s listings This value proposition is particularly important to newer agents who do not have the benefit of repeat clients and referral business In the past, agents had the opportunity to obtain customers (primarily buyers) by servicing walk-ins, and ad or site sign calls These walk-ins or calls resulted not only from the volume of listings, but also from Realtors controlling the general sales process . .Until recently, the real estate sales process was controlled by Realtors because Realtors controlled the information Only Realtors had complete access to MLS Listings and housing information Even if a buyer saw a house in an advertisement, it usually never contained an address This forced the buyer to call or visit a real estate office for more information and to interact with an agent Buyers were forced to work around the Realtor’s schedule in order to start looking at houses Realtors would also selectively eliminate homes from consideration to help narrow the choices for buyers Although this service was appreciated, it limited the information and amount of homes a buyer would be able to consider The Internet has forever changed this process . .Technology has created a generation conditioned to be instantly gratified This generation wants and expects to maintain control over the process and have access to the information The resources available online has subsequently minimized the occurrence of walk-ins and calls resulting from advertisements Traditional real estate companies and traditional Realtors must therefore adapt to these tech-savvy home buyers . .Unfortunately, there is a generation gap forming between buyers and Realtors The average age of a first time home buyer is around 32 years old The average age of real estate agents is 53, and the average age of real estate brokers is 62 . .For traditional real estate companies to compete effectively, they must learn how to market to the Internet generation and start attracting younger people into the industry .
Source: www.rsstnx.com
