Setting The Asking Price For Your Home-Whats It Worth
As the seller, you are often going to have trouble with setting the asking price for your home. If it’s over priced, it will sit on the market for too long and if it is under priced, you might not get any money back on the renovations you just made.
This is why it is important to consult a real estate agent before proceeding with any sort of real estate decisions. They have all the resources, which you don’t have access to and they can easily find any information they need. There are many factors that you need to consider before setting the asking price for your home and you can do so easily with a real estate agent by your side. You see… the first thing buyers notice when they see the listing is the price of the house. If they find it too high, they don’t even bother to look at the pictures of the house.
Following are two things that you need to do before posting an ad online of your home for sale in Oakland County, Michigan:
Get Free Evaluation
There are hundreds of websites that will give you an accurate estimate of your house based on its details such as square footage, number of rooms, location and more. A free evaluation gives you an idea what your home for sale in Oakland County, Michigan is worth. You can get as many evaluations as you like and then compare the prices. This will give you a solid idea regarding the prices in your neighborhood .
Let’s assume that your neighbor just sold his house. The location and the square footage of the neighbor’s house put your house at equal footing. So, you decided to sell your house at the same price. Months go by and many buyers tour the house. However, none of them come back with an offer. Why?
This brings us to our second point:
Look at the Comps
Comps refer to comparable houses that you can look at to set the asking price that suits your home for sale in Oakland County, Michigan. House that have been sold last month and were identical to yours with no additions can be used as compass. The good news is, a real estate agent has a whole database of comps, which makes it easy for him to help you set the asking price. You can find information on your own too by taking with the locals and other neighbors in your area. In the end, regardless of what the real estate agent recommends, you will have the last say on the asking price. However, it is better to trust the agent because they have sold dozens of houses, which is what makes them experts at their job.
Sometimes, your house might be valued at a lower price than you expected. It’s hard to not get emotional in such a case, but it is also important to think practically in such situations. This is where a real estate agent comes in because they have an unbiased perspective. Looking for a real estate agent to help with your house sale? Visit my website Homes2MoveYou now and contact me for a free evaluation of your home to get an appropriate asking price for your home.
An Award-Winning Script For Your Oakland County Home Sale
Here’s a secret. Every moment of every day before and while your Oakland County home is up for sale, we will write the script together for your ideal home-sale movie.
That’s right. Selling your Oakland County home now is about focusing on everything that will produce your ideal home sale for you—the script, the cast of characters, the virtual trailer, curb appeal, admission price, the launch—everything. Together we’re the writer and the director, and your Oakland County home is the star of the wonderful production called YOUR OAKLAND COUNTY HOME SALE. Want a bigger, better blockbuster sale? No problem. Write a bigger, better script. As you change your script, you change your box-office results for all Oakland County home buyers.
Start with timing. It’s always hard to time a smash home sale in which you sell high and simply walk away with high profits. Yet there are many signs in Oakland County that now is a good time to produce a year-end home sale.
One sign? Buyers in Oakland County whom are out home shopping right now are serious. Nothing will stop some of them, especially the ones who lost out on some Oakland County homes earlier due to waiting. They are keenly aware that the improving signs in the economy could mean higher prices and higher interest rates next year in Oakland County MI. When prices and interest rates increase and the number of spring buyers grows, today’s buyers know their money won’t go as far as it once did.
Want to know more about why now is a great time to sell? Keep reading. Then call me for a story conference with any home-selling—or homebuying—questions.
Oakland County Supply Is Smaller
During the winter, fewer homes are up for sale in Oakland County. This means more buyers have fewer homes to choose from and yours will likely get more attention than at other times of the year.
Demand Is Higher In Oakland County
In areas where the supply of available homes has shrunk, prices have risen as buyers compete for a suitable home in Oakland County. If your home is move-in ready and priced right, you’ll attract qualified buyers quickly.
Serious Buyers are In Oakland County
Today’s home shoppers are serious buyers, undeterred by cooling temperatures and impending holiday events. Keep in mind some buyers may prefer to contract now, yet plan a move-in date for after the holidays.
Low Interest Rates
Historically-low interest rates make buying a home an affordable proposition. As rates start to creep upward, buyers’ purchasing power declines, meaning they can’t pay as much for homes like yours. Motivated local buyers want to secure a home now to stretch their dollars.
New Construction Is Back
In the recent past, many sellers haven’t had to contend with their homes competing against many brand new homes in Oakland County. With the improving economy, new home construction is starting up again, meaning your resale home may have more shiny new homes to compete against if you wait to sell, especially next springs market in Oakland County.
Quicker Sales In Oakland County
If your Oakland County home is in move-in condition and priced right, your home will sell faster. This means less hassle for you—especially as we enter the busy holiday season—as your home will not only be ‘holiday ready’ but its model-home shape will make it look like an award-winner in the eyes of local year-end home buyers in Oakland County.
If you need to move—or know someone who does—there is no time to lose. That new job won’t wait, that plan to be near family is important, the divorce is final, children have moved out or are moving back in. Life events often mean that the home needs to be sold now—and I can help write your ideal home sale movie right now.
If you are looking for a home in Oakland County, Michigan, you need to find a Realtor who knows the community. Tom Gilliam currently lives in the Greater Oakland County Area and is very familiar with the market, neighborhoods, schools and community issues. Located into the heart of Farmington Hills, Tom is ready to help families find homes in the Oakland County area including: Farmington Hills, Birmingham, Troy, Rochester Hills, West Bloomfield, Bloomfield Hills, Ferndale, Royal Oak, Northville and the Metro-Detroit area (specifically Canton and Novi)
Oakland County Marketing Tips For Home Sellers
My Marketing Strategy: Oakland County is a great place to Sell or Buy a Home if your in the considering Southeast Michigan as a place to call home. Oakland County is composed of 61 cities, townships,villages, and is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. The city of Detroit is located in neighboring Wayne County, south of 8 Mile Road. Oakland County is among the ten highest income counties in the United States with populations over one million people. It is home to Oakland University, a large public institution that straddles the Auburn Hills and Rochester Hills border.
Marketing Tips: How To Sell Your Home
If you want potential home buyers in Oakland County to fall in love with your house, they first have to know it’s for sale. This is where a strong marketing plan comes into play, which not only publicizes your property but gives people a preview of your home before they get there.
A Picture Is Worth A Thousand Words
Regardless of whether your Oakland County home is to be featured online, in a REALTOR’S® publication or paid advertisement, quality photos are a must. You must capture your home’s best qualities in each image. Take a photo of the front and back of the home, along with interior photos of every room. Try various angles and lighting situations, which gives you the opportunity to choose the best shots. So many Oakland County Home Buyers are disappointed once they see a home that looks nothing like its pictures.
When photographing any part of your home, make sure that it’s spotless. Home buyers, especially those with children or pets, would love to see a yard. If your house has a lot of room to run, showcase it in photos. If you live in a condominium or townhouse in Oakland County, emphasize nearby activities that offer family fun. This may include a swimming pool, recreation center, tennis court, etc. Oakland County also has many parks a recreation some highlights of Oakland County Parks include a nature center, five golf courses, wedding and banquet facilities, an action-packed BMX race track and two waterparks to name a few.
When you present your photos to the REALTOR®, he/she will use them to pique the interest of potential buyers. If a buyer likes the photos, their next step will be to schedule a tour of the home. Hence, the right photos are invaluable when selling real estate in Oakland County.
Believe it or not, one of the best marketing strategies is free to the Seller. By placing a sign in your yard, you will let anyone driving by know that your Oakland County home is for sale. Even if you live in an area that does not get a lot of traffic, a passerby may notice the sign and tell someone they know who is in the market for a new home. Your REALTOR® will likely provide you with a sign, which should be placed in a visible area of your lawn. You can also place a sign in your window or on your front door if in a Condominium. Be sure to check with your local community association, if applicable, regarding placement and permission for this type of sign.
Many REALTORS® advertise their listings in local Oakland County real estate publications, their business Web site and even the occasional ad in the newspaper. Depending on the terms of your listing agreement, you may be able to continue advertising the home independently. Check with your REALTOR® about their commission policy if you sell the house yourself.
If you decide to advertise yourself, try the local newspaper first. People looking to move into your area will likely be browsing the newspaper for real estate ads. Keep in mind that it’s not just newcomers who may be looking to buy a new home. Perhaps an empty nester is looking for a smaller abode or a growing family is looking to upgrade to a larger house, so don’t discount locals as potential buyers.
Hold An Open House
If you want potential buyers to fall in love with your home, invite them in to see what it has to offer. An open house allows for anyone to simply drop in, with or without an appointment, to tour the home. In some cases, a successful open house may result in an offer or possibly multiple offers that same day. You can advertise an open house with signs in your yard, posting a notice on local bulletin boards and by utilizing free or paid ads online and/or in your local newspaper.
In most cases, your REALTOR® will schedule the open house and will help answer questions from potential buyers. If you are still living in the home, the date and time should be convenient for you, but also a day that would be convenient for others. For most, the weekend is a good time and most open houses are an all-day event.
For the best approach at a successful marketing strategy, confer with your REALTOR®. Successful agents know their markets and what will likely be the best approach to selling your home. Don’t be afraid, though, to offer your input and ask questions as you develop your marketing plan.
My Marketing Plan Rules! Please See Video Below and How I Dominate the Competition when Selling Your Oakland County Home