Friday, August 15, 2014

Getting real estate property sold for the best price

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When the values of homes in the US rebounded over the last few years, many homeowners found themselves in a good position to sell their homes for profit. It’s a good idea, after all, especially for those who have been meaning to move to a different location or to a bigger home.

Still, no matter the situation of the housing market, selling any residential property remains difficult. Sellers have to compete, while there are times the market favors the buyers. Here, then, are a few tips on selling a house for the best price.

First, it is important to study the market. Using real estate sites, home sellers can research on the buying prices of properties similar to their homes. They can also check how long the properties have been on the market before they got sold and if these properties sold for more or less than their initial asking price. Knowing these beforehand will allow the seller to put the property up for sale at a price that is close to what buyers are amenable to.

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Second, the aid of a local realtor is recommended. Local agents know more about the neighborhood and the situation of the local market, so they can offer better advice on what the seller can do with the property. They might also be privy to some transactions that are not yet available to the public, which can be a vital factor to determining the price of the home for sale.

Third, setting a deadline determines the price. This can create competing bids among buyers and allow the seller to get an offer that is close to their ideal price to sell.

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For more articles about the housing markets, visit this Jeff Yarbrough Facebook page.