The tough economy has created a lot of anxiety and tense moments for both home sellers and buyers. During the boom era, sellers were in control and called all the shots. Buyers were accommodating and compliant. The downturn reversed the fortunes for both parties and buyers were in charge. Now that the housing market has shown some signs of stability and neither buyer or seller are in full control and has now turned into a battle of the wills in many cases.
With so much loss of appreciation, sellers are now attempting to recoup that deficit by selling their property in its present condition. Unless the home is a tear-down, this approach could end up costing the owner thousands. It’s human nature for a buyer to assume there are more issues with this particular property than there truly might be. An “as is” sale limits the amount of buyers that would be attracted to your home and gives the buyer a leg up during negotiations. Defects in a home is always elevated when it comes to the actual cost, especially looking through the eye of the buyer.
Testing the market with an inflated price is another mistake that can cost sellers thousands. The first few weeks of marketing are the most important. As weeks pass by and showings dwindle, owners will normally make price adjustments. Unfortunately by that time, most buyers have moved on to other homes that were priced correctly from the start. As time goes by, perception over rules reality as many buyers have already concluded this property to be overpriced. Even if by chance a buyer is willing to over pay for your home, the lenders appraiser will not be amicable. The moral of the story, price it right at the beginning and limit your losses.
Believing all realtors are the same. With all the intricate details and critical decisions to be made concerning your home sale, should you rely on anyone but a top producing professional? Many friends and family members have been estranged as a result of failing to meet expectations. Your home sale is a time-consuming, effort related, difficult task. Maximize your profit by utilizing a professional. With so much tension today between buyers and sellers, having an experienced advisor on your side can be the difference between success and failure. Visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home and easy access to view local area homes in Davis, California and the surrounding communities, including pre foreclosures.