This is the best and commonest information you can hear about selling Phoenix real estate: price it right for the market and it'll sell.
How do you do this and how does one forestall from underpricing and leaving cash on the table? You also do not wish to price it too high and let it linger and stagnate on the market. When you want to good sale of your Phoenix home then you must do the study and price it correctly from the onset of the sale, so here are 4 steps to pricing right.
Find an experienced property agent: To help you price the home right the people concerned in doing this has to be experienced, knowledgeable and have the correct tools. Don’t pick your agent lightly. You may have a general idea of what you home is worth, but you want guidance and when you get it confirm it. You can do it by checking data yourself, because views differ.
Check close sales and active homes: One of the first lists that will be checked is what sold recently. A good agent will know the inventory and how to compare it to your home. These sold houses are ones that truly moved from one owner to another and signify a real market price someone was willing to pay for a specific property. It is vital to use as current comps as practicable. The newer the better and it is not recommended to go over 6 months and definitely not 12 months. It may be better to move your area out a bit vs going back further in time. Also look at expired houses, what did not sell and then naturally look at the competition. Sold homes are critical, but if there are competing homes on the marketplace for less then that's the new market.
Be hard-headed about the competition: Be realistic about comparing homes. Although some homes are similar, other homes may offer roughly then yours. Floor-plans, colors and lots are all important. What does the market need and which homes satisfy the need? For example, 2 bedroom homes are always more difficult to sell then 3 bedroom homes although both could have the same conveniences and sq footage.
Know it’s now a product: Once you decide to sell your home, it's no longer a home, it's a house, a product. That is not always straightforward to come to terms with, but you have got to let it go, you've got to let go of the emotional attachment. This'll help you make better decisions on the pricing and sale of the property.
inPhoenix Realty Group is a bunch of experienced real estate agents working in Bigger Phoenix to help both buyers and sellers with the dicey and ever-changing business and processes of the Phoenix real estate exchange. The group focuses first on Phoenix homes sales, but also provides services to investors of income properties.