At the initial meeting a real estate agent should prepare a Comparative Market Analysis (CMA) for your home. It is part of their services and presentation. The bank usually goes back from 4 to 6 months and that’s usually what an agent will do when preparing the report. Information of number of Bedrooms ,Baths, Square Footage, Property Size, School District ,Condition of home, main road , Hi Tension Wires, Highways behind the property ,etc is what determines the value of the home.
An agent will bring you available, under contract and sold listings. Comparing the sold and properties under contract to your home will enable the agent to price a house fairly in today’s market.
The right price will be essential to ensure you do not overprice or undervalue your home. Pricing a home strategically in this market is essential to selling your home at the shortest time with getting the most in your pocket.
Team Cosentino is proactive and our innovative approach to marketing consistently delivers these goals. We also have an In House Marketing Director which allows us to be on the cutting edge of the Web.
When you price your home correctly, you will succeed in connecting with the right buyer.
Properly priced homes are bringing in buyers looking for those specific priced homes. If you price your home so much above you will attract buyers looking for more and generally the offers are a lot less. Agents may get offers over asking in this market if priced properly. Buyers will expect more if the house is overpriced and you are helping sell a house that is priced correctly. Overpriced homes makes the competition look better. Appraisals are a big factor in the prices of homes if the house exceeds the value there is a good chance your deal may be ruined. More buyers usually are seeing your home if the house is priced correctly. The more interest creates more offers and the possibility of the property going into a Bidding War !!!
In most situations it is better to sell your house before buying a new one. If you purchase a new home go to contract then put your house on the market you may be owning 2 houses. If you are in the position to qualify for 2 homes, tax bills, utility bills and maintenance on 2 homes this may work for you but if you do not need to do so, sell before you buy! Once your house goes into contract start looking but until your buyer gets a commitment for their mortgage I would be cautious.
In most situations it is better to sell your house before buying a new one. If you purchase a new home go to contract then put your house on the market you may be owning 2 houses. If you are in the position to qualify for 2 homes, tax bills, utility bills and maintenance on 2 homes this may work for you but if you do not need to do so, sell before you buy! Once your house goes into contract start looking but until your buyer gets a commitment for their mortgage I would be cautious.
Area We Service
Smithtown Real Estate,
Commack Real Estate,
Cold Spring Harbor Real Estate,
Huntington Real Estate,
Dix Hills Real Estate,
Melville Real Estate,
Greenlawn Real Estate,
Old Brookville Real Estate,
Garden City Real Estate,
Floral Park Real Estate,
Laurel Hollow Real Estate,
Syosset Real Estate,
