Homethinking.com

Saturday, August 14, 2010

Pricing a home for sale

We just finished a delicious dinner of grilled chicken, fresh steamed broccoli, and red, juicy watermelon.  Now to finish some pricing evaluation work for a new listing in Cary, NC. 

Pricing is the most important work we do for our clients, both buyers and sellers.  I'm a rather analytical person, plus, I like to work with numbers so this comes easily for me. 

The comps (closed sales) in this neighborhood which are similar to my seller's house are few and far between.  She owns a ranch or one-level; most homes in the neighborhood are two levels or much smaller ranches. 

There are several other properties for sale in this neighborhood, and their prices vary quite a bit, making it tricky to determine market position for my client's home. 

Our office employs a state-of-the-art price modeling tool which greatly simplifies the arithmetic, but it requires starting with high-quality data.  You know the saying "garbage in...garbage out" really applies to the pricing process. 

~  Robin

Dealing with condition issues

I met a contractor/handyman this morning at a home that I have had listed for a while.  We finally got a contract on the home, but the buyers withdrew their offer before the ink was dried.  The house has odor issues. 

I brought in a specialist from Sparkkles to find the source of the issue and devise a solution for correcting it.  They laid out a strategy, and with the help of the contractor, we are tacking it.

I went to Lowe's a purchased some pleasing air fresheners that are installed in the cold air return vent.  Once the work is complete, and these are installed, I believe everything will be just fine.