What Do Home Prices and Gas Prices Have in Common?

June 18th, 2008 categories: Real Estate Tips, Sacramento, Seller

What Is The Best Price? Ever wondered why your house isn’t selling?

Think your house should be more money than your neighbors?

In today’s Real Estate market, it is key to have your house priced correctly from the start.

Don’t make the mistake of over pricing your home. That’s what we call in the real estate business, “chasing the market.”

Running after the market is disastrous, you never catch-up and are always behind. Which means you are overpriced.

When thinking about pricing your house, think about an intersection where there are four gas stations, one each corner. Which one do you think you will pull into? Yep, the one with the lowest price.

The home buyers are thinking the same way. Home buyers are looking for houses in move-in condition that are priced correctly. Their professional full time realtor is quick to tell the home buyer if a house is overpriced for a neighborhood.

Be sure to listen to your Realtor when they counsel you on an appropriate price for your home. They have the experience and the know-how to back-up the asking price for your house.

An overpriced listing is not shown or may be shown in order to make a point to a home buyer that the house down the street is priced correctly. Guess who sells?

Yes, it’s a home buyers real estate market and your price needs to reflect that. Most home sellers are also paying the closing costs now. It is much harder for a home buyer to qualify for a mortgage loan and interest rates are going up so if you need to sell, it’s important to be priced correctly and be willing to help the home buyer with closing costs.

If you should receive an offer from a home buyer who is obtaining a VA loan, remember that the VA appraiser will be looking for health and safety issues which the seller must repair or replace. There must be a section 1 clearance for Pest and the underwriter can call for the seller to pay for section 2, as well.

Be sure to have your home ready to place on the market for sale, for pointers be sure to check out Dress Your Home to Sell-Inside Home Seller Tips and Dress Your Home to Sell-Outside Home Seller Tips.

Who knows, I may be showing your home next. We have quite a few first time home buyers and home buyers relocating to Sacramento.

If you like what you read here on Sacramento Real Estate Voice simply click and subscribe to get the latest articles sent to your email.

If you have a real estate question that you would like an answer to be sure to check out and read what other home buyers and home sellers have asked or feel free to ask your Real Estate question by email.

And of course if you are interested in buying a home or condo or selling your home or condo, feel free to contact me and lets talk.

Other Articles of Interest:

Hmmm That Home Looks Good

How to Sell Your House

Tips In Preparing Your Home For Sale

Sellers Make Concessions

What Every Home Seller Should Know

Selling Your Home?

Sellers, Do You Know What You Should Expect?

Zillow for a Zestimate…Yes or No?

This entry was posted on Wednesday, June 18th, 2008 at 4:01 pm and is filed under Real Estate Tips, Sacramento, Seller. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Kaye Thomas said at June 23rd, 2008 at 6:03 pm
Gena,
Very clever post and so true. Nice use of photos to enhance your writing.. BTW I really love your new photo..
Gena Riede said at June 24th, 2008 at 7:55 pm
Kaye, glad to see southern CA over here in Sacramento. Appreciate your comment and glad you like the new photo.

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