Set Realistic Expectations for Real Estate Transactions

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Real estate is not an industry that is full of mysteries. There is often a reason if a home is not selling. When you have the right real estate experts on your side, you will be able to make adjustments to your expectations and find success in selling your property.

3 Realistic Expectations When Selling a Home

If you would like to get your home sold quickly in this booming real estate market so that you can move on to finding the property of your dreams, follow these tips:

  1. Mid-Range Selling Price: It may be tempting to price your home at the top of the range – hearing about other homes going for 60k over-asking, you want to guarantee you get that kind of bang for your buck. However, when you price in the middle range, you will get more interest in your home. By doing so, the goal is to have multiple buyers interested and possibly have a bidding war on your home to get it back up to above-ask prices.
  2. Current Market Determines What the House Is Worth: Although you may have an estimate from an appraisal company what your home is worth, the market is what truly determines the worth of your home. For example, if your home is in a category with low inventory and many buyers interested, then that competitive market will raise the value of your home.
  3. Desirability of the Neighborhood Matters: Be sure to consider the neighborhood before pricing a home. If the house is in a good school district, then the attractiveness of that home goes up and raises the value. On the other hand, if the neighborhood is not well-kept or in a poor location, the home’s potential selling price will decrease.

Remember, if you price a home too high, it will negatively affect your home’s overall selling price. When a home sits too long on the market, it has to undergo several price adjustments that make the home unappealing to potential buyers.

With these tips in mind, you can set realistic expectations before putting your home up for sale. That way, you will know how to price it appropriately and get the most for your home in the end. The market in Temecula is better than ever. Contact me, Cale Thomas, at (951) 473-0390 or [email protected]. We can find the best solutions for your real estate goals together.