Real estate transactions come down to a single number, a figure agreed on by both buyer and seller called Market Price. Though seemingly arbitrary, Market Price is based on a number of factors as indicated above. The significance of each factor and the role it plays will change depending upon who the buyer is and who the seller is. For example, a seller getting a divorce or who has failing health has a different perspective than a seller testing the market. Similarly, a buyer who needs to buy a house this week will have different goals and needs from a buyer shopping around.
For sellers to get their highest dollar possible they need to put their best foot forward. This may include: getting the property in the best condition possible, having the home pre-inspected, providing a home warranty for your buyer, staging the home, or adding incentives such as paying the buyer’s closing costs.
The bottom line for buyers is to be ready, willing and able to buy before you go looking at your first home. Position yourself for success! Make sure you look great in the eyes of the seller.
Ready to get started? Contact Charley Roemhild today at charley@bluelinerealty.com
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