Avoid A Lot Of These 5 Mistakes When Pricing Your Home For Sale.

Selecting the real market value just isn't an absolute science.

The value of your home should really be based upon location, the many up-to-date like property' sales in your neighborhood, condition of home, house characteristics, housing market inventory and real estate economic conditions.

Five things that ought to NOT affect the market value your home :

1. Your purchase price. The amount you paid for your home, has no effect on the actual market price.

2. Your Home Improvements. Sometimes remodeling improvements, such as new hardwood floors, can affect the asking sales price, although commonly you won't recoup the total amount of the cost of the new floors in your home. Even when a remodeling project may be improvement to you, the home remodel may not necessarily be an improvement to a potential home buyer. Look at the remodeling projects completed as improvements for your pleasure and use.

3. The Tax Assessed Value. The stated tax assessed value is the value given to your property by the local authorities to calculate your real estate taxes. This tax assessed value does not commonly reflect the real market price as it is only a percentage of the value.

4. Your Needs. The list list price of your home should preferably never be determined by what you need' to recoup from the sale. The true market value will be determined once a buyer is willing to write an offer to purchase for your property in the actual real estate market.

5. Emotion. Is it possible to determine a home value on either the good or bad memories connected with your home? Real Estate Home value is based on facts' not emotional attachments.

The Real Estate Encyclopedia states that Market value is: "The greatest offer to purchase price in which a property or a home will bring in a competitive and open real estate market and under all conditions required for a fair sale like the buyer and seller acting prudently with knowledge and neither being affected by outside influences."

Listing your property for sale at an accurate market price which is at fair market value is one of the primary factors that bring a sale in a reasonable time under ANY market conditions.

Selling your home can be exciting, yet may also take a lot of work by your REALTOR.

Prepare yourself to sell your house. Do your best to view your property, no longer as your home, but as piece of real estate which is required to be marketed by a professional REALTOR. Your number one purpose in selling your home is to get interested buyers to view the house as their potential home, not yours. The first thing in preparing your home for sale is to clear out all personal possessions. Now is the time to fix/repair those problems that you have been putting off. The more you can make your home in 'move in condition', the more potential buyers will be motivated to buy your property.

You may want to contact us at any time for a FREE market evaluation of an accurate listing price.

About the Author:
Hunter's Fairway International Realty is a member Sotheby's International Realty's network of independent real estate professionals, located in Barrington, IL. Managed by Connie Antoniou, the luxury homes REALTOR provides executive real estate services for Barrington Homes and Barrington Real Estate. Visit http://www.huntersfairwaysir.com for more details.

Article Originally Published On: http://www.articlesnatch.com

Tags: Luxury homes

, sotheby's

, barrington homes

, barrington real estate

, connie antoniou

, hunters fairway

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