Wednesday, July 07, 2004
Sizing up the competition
The number of new listings are on the rise and showing no signs of slowing. Your home will be in for steep competition and if you are not ready, your home will sit until you either lower the price and/or make your home more attractive.
Here are ways you can size up the competition and make you home stand out.
Preview the competition - You can call me to show you the homes in your neighborhood that will be on the same show list as your home.
Make a good First Impression - Even if your home does not have the upgrades as some of the other competing homes, a neat, tidy and home that looks well maintained will give you a leg up. See my article First Impressions.
Intelligent Pricing - Be realistic in your expectations. The banks and appraisers have become very cautious; buyers may qualify for the loan but appraisals are not coming in like they used to and the banks are rejecting pushed appraisals. Buyers have 10 times the inventory to look at and they are not writing quick offers. Prices are still much higher than last year, so staying with the recent comps will be very important.
Schedule me for a Free 25 Point Home Preview Inspection.
Here are ways you can size up the competition and make you home stand out.
Preview the competition - You can call me to show you the homes in your neighborhood that will be on the same show list as your home.
Make a good First Impression - Even if your home does not have the upgrades as some of the other competing homes, a neat, tidy and home that looks well maintained will give you a leg up. See my article First Impressions.
Intelligent Pricing - Be realistic in your expectations. The banks and appraisers have become very cautious; buyers may qualify for the loan but appraisals are not coming in like they used to and the banks are rejecting pushed appraisals. Buyers have 10 times the inventory to look at and they are not writing quick offers. Prices are still much higher than last year, so staying with the recent comps will be very important.
Schedule me for a Free 25 Point Home Preview Inspection.
