When you’re selling your home in Daphne, Fairhope, Malbis, Mobile, the Mobile Metro area, Montrose, Point Clear, Saraland, Satsuma, Semmes, Spanish Fort or West Mobile, Alabama, the price you set is critical towards maximizing your return. That’s why you need a professional evaluation from an experienced REALTOR® like Barbara S.Reeves. Barbara can provide you with an honest assessment of your home, which she will base on several factors including:
- Current market conditions
- The condition of your home
- Repairs or improvements
- Time frame
In real estate terms, market value is the price at which a particular house, in its current condition, will sell within 30 to 90 days.
If the price of your house in Daphne, Fairhope, Malbis, Mobile, the Mobile Metro area, Montrose, Point Clear, Saraland, Satsuma, Semmes, Spanish Fort or West Mobile, Alabama is too high, several things could happen:
- Limits the number of potential buyers. Buyers may not view your home, because it would be out of their buying range. Where if your home was priced more realistic, it would be in the reach of more buyers
- Limits number of showings. Other REALTORs® may be reluctant to spend time showing your home. With the high price of gas some REALTORs® just won't show your home considering it a waste of time and gas.
- Used as leverage. Other REALTORs® may use this home to sell against homes that are better priced and leave you wondering why other properties sold and yours did not.
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Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “what’s wrong,” or “why hasn’t this sold?”
- Lower price. An overpriced home, still on the market in Daphne, Fairhope, Malbis, Mobile, the Mobile Metro area, Montrose, Point Clear, Saraland, Satsuma, Semmes, Spanish Fort or West Mobile, Alabama beyond the average selling time, could lead a lower selling price. To sell it, you will have to reduce the price, sometimes, several times. In the end, you’ll probably get less than if it had been properly priced at the start. The best way to price a home is at the point where you will more than likely have more than one buyer wanting your home which can drive the price up!
- Wasted time and energy. A bank appraisal is almost always required to finance a home in Daphne, Fairhope, Malbis, Mobile, the Mobile Metro area, Montrose, Point Clear, Saraland, Satsuma, Semmes, Spanish Fort or West Mobile, Alabama. When the apprasial comes in less than the sales price the sale will usually become null and void by terms in the contract. The buyers feel they have been ripped off as they had to pay for an appraisal that is useless to them. The sales price can be adjusted to the appraisal price but some buyers will walk anyway.
REALTORs® have known it for years – well-kept homes, properly priced in the beginning always get you the fastest sale for the best price! And that’s why you need a professional such as Barbara S. Reeves to assist you in the selling of your home.
Request a free, no obligation home appraisal today.
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