Wednesday, September 26, 2007

To Sell or not to Sell?

So my number one question that everyone asks me when they find out that I am in real estate is:

"Should I sell right now? Is it possible?"

Well, yes, it is possible of course! Houses ARE selling. Despite what the media says, houses are selling every day. Yes, we do have more inventory than usual. But that certainly doesn't mean that your house wouldn't sell. Here are some considerations if you think you'd like to sell your home.

-Can you sell it at a price that the market will support? In other words, have your agent come out and look at your home and see what they think it would sell for. It will cost you NOTHING for an agent to come out. But the key here is to be realistic. If you have 5 agents all telling you that you could sell your house for $100,000, but you need or have to list it at $125,000, most likely it is going to be very hard for you to sell your house. Price is the number one factor for most people. They need it to be the right price.

-Is your house updated? Does the kitchen look like it is right out of the 50's or does it look modern, with updated flooring, cabinets, countertops, etc? You have to keep in mind that even though YOU may love that pea green fridge, that doesn't mean that everyone else will.

-Is your house cluttered? People do not like to see a cluttered house. It just doesn't sell as well (as quickly and for the most amount of money) as a decluttered house. A cluttered house just looks messy and can actually make the house appear smaller than it really is. Here is a website about clutter:
http://bottomlinesecrets.com/blpnet/article.html?sid=E031002S6A&article_id=22345

-What is the condition of the house? The bottom line here is that people don't want to move into a house that needs work. Will they buy a house that needs work? Absolutely. But don't expect to get top dollar for your home if it needs a new roof, new windows, or a paint job. These things are going to be noticed by the prospective buyer or in the inspection. People just simply aren't going to pay top dollar for a house that needs major repair.

So yes, you CAN sell your house in today's market but please keep the above things in mind.

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