I know you have one burning question: What is my home worth?
In recent years, a proliferation of online resources has emerged to provide you with an answer before you ever consult a human. But while there is more access to more information, a computer can deliver only some helpful insight based on algorithms , not the final word on your home’s value. When you provide us the home’s address you will instantaneously receive an estimated value.
There’s no substitute for the expertise of a Realtor®, who has a greater access to a vast database of information to help you hone in on a great offering price which will produce the highest contract with the best terms for you to sell. We are happy to prepare a comparative market analysis inclusive of the variables only a human can add, and deliver it to your house for your additional review.
When it comes time to do the deal, the negotiation skills of buyers agents and sellers agents come into play.
Make certain to hire a Seller’s Agent that will vie for your best interest.
White Brick is the cornerstone for real estate relationships.
While you can sell your property “as-is” without any changes to its condition, keep in mind, updates* can help bring in a greater contract price. What are buyers most focused on?
AGE OF THE ROOF : Buyers are not only concerned about having the expense of a leak repair or replacing a roof , but also the age of the roof affects their insurance costs,so their escrow costs at closing and their monthly payment will make your home less appealing than a home with a newer roof . Sellers have found a newer roof increases the number of buyers/demand for a property, and potentially, increases the value of a home.
PLUMBING: If there are any plumbing issues or potential issues, including septic and well, it is best to make repairs. As a seller, if you have any knowledge of defects, you are legally required to provide a disclosure of such. During the home inspection period a buyer will uncover all issues. If you are unsure, investigate. Sellers have found a property that is free of plumbing related issues have a greater resale value than ones with issues.
APPLIANCES: Dirty, mismatched or malfunctioning can be a real turn off for a buyer, and decrease the demand for a house.
USE A REAL ESTATE PROFESSIONAL:
This may seem counterintuitive as Sellers may think they would make more money if they didn’t have to pay a real estate commission. However, all studies show that homes typically sell for more money when handled by a real estate professional. A good Realtor has ways to bring in the greatest value for a property that will more than cover the costs of commission. And, keep in mind, purchase price is not the only term on a contract that will increase your bottom line.
A study by Collateral Analytics, reveals that FSBOs don’t actually save any money. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.In some cases may be costing themselves more, by not listing with an agent.
The data showed that:
“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”
Typically, a Buyer will always think a for-sale-by-owner should ” discount” some or all of the commission from the purchase price. They tend to think of it as “wholesale” vs “retail” sale for the Seller and most Buyers do not want a seller “to get more than they should”.
When you consider purchase price is only one of many terms on a contract, it is always in the best interest to use a professional that is vying for your best interest.
*Updates are a generalization based on the perspective of the average buyer. No warranty is expressed or implied that these updates will increase the value of a house. The updates suggested are with the assumption that the property is structurally sound with the foundation, walls, stairs, etc not falling down.