Comments on: How to Price your FSBO Property Accurately and Effectively http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/ Buy & Sell Real Estate - For Sale By Owner Sat, 22 Nov 2008 05:08:49 +0000 http://wordpress.org/?v=2.5.1 By: Melissik http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-896 Melissik Thu, 08 May 2008 10:27:42 +0000 http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-896 One afternoon, I was in the backyard hanging the laundry when an old, tired-looking dog wandered into the yard. I could tell from his collar and well-fed belly that he had a home. But when I walked into the house, he followed me, sauntered down the hall and fell asleep in a corner. An hour later, he went to the door, and I let him out. The next day he was back. He resumed his position in the hallway and slept for an hour. This continued for several weeks. Curious, I pinned a note to his collar: "Every afternoon your dog comes to my house for a nap. " The next day he arrived with a different note pinned to his collar: "He lives in a home with ten children - he's trying to catch up on his sleep." I cried from laughter Sorry, if not left a message on Rules. One afternoon, I was in the backyard hanging the laundry when an old, tired-looking dog wandered into the yard. I could tell from his collar and well-fed belly that he had a home. But when I walked into the house, he followed me, sauntered down the hall and fell asleep in a corner. An hour later, he went to the door, and I let him out. The next day he was back. He resumed his position in the hallway and slept for an hour.
This continued for several weeks. Curious, I pinned a note to his collar: “Every afternoon your dog comes to my house for a nap. ”
The next day he arrived with a different note pinned to his collar: “He lives in a home with ten children - he’s trying to catch up on his sleep.”

I cried from laughter
Sorry, if not left a message on Rules.

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]]> By: Liz Provo, Massachusetts 4 Sale By Owner http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-708 Liz Provo, Massachusetts 4 Sale By Owner Mon, 07 Apr 2008 19:51:25 +0000 http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-708 As a regional for sale by owner marketing and advertising service, we recommend that sellers obtain a professional appraisal and pay the $250 - $300. Although online appraisals can provide some general data, in many areas of the country where homes can be unique, rural, mixed use, historic, etc. there is really no substitution for an in-person walk through and evaluation. Selling a home is one of the most important financial decisions that most consumers make and to nickel-dime on something as critical as pricing just doesn't make sense. Two very big reasons to get a professional appraisal - 1) Your buyer will most likely need financing. Unless the appraisal justifies the agreed upon price, you stand to lose your buyer. 2) Being able to negotiate from a position of strength, knowing that you have solid data on your home's worth (on the day the appraisal was performed) you will be able to stand up to any agent who is bargaining for his/her buyer. You can be that he'll be armed with sales comps to defend his price. A market analysis, on the other hand, is a sales tool and is inaccurate to start as only MLS data is included to include in the report. An agent can only provide a range anyway. If you start by using that approach, make sure the agent leaves the report with you in its complete state so that you can verify the data on your own. Weed out all the "on the market" properties and stick to what's actually sold to see where the market really lies. As a regional for sale by owner marketing and advertising service, we recommend that sellers obtain a professional appraisal and pay the $250 - $300. Although online appraisals can provide some general data, in many areas of the country where homes can be unique, rural, mixed use, historic, etc. there is really no substitution for an in-person walk through and evaluation. Selling a home is one of the most important financial decisions that most consumers make and to nickel-dime on something as critical as pricing just doesn’t make sense.

Two very big reasons to get a professional appraisal - 1) Your buyer will most likely need financing. Unless the appraisal justifies the agreed upon price, you stand to lose your buyer. 2) Being able to negotiate from a position of strength, knowing that you have solid data on your home’s worth (on the day the appraisal was performed) you will be able to stand up to any agent who is bargaining for his/her buyer. You can be that he’ll be armed with sales comps to defend his price.

A market analysis, on the other hand, is a sales tool and is inaccurate to start as only MLS data is included to include in the report. An agent can only provide a range anyway. If you start by using that approach, make sure the agent leaves the report with you in its complete state so that you can verify the data on your own. Weed out all the “on the market” properties and stick to what’s actually sold to see where the market really lies.

]]> By: Mike, FSBO.com http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-669 Mike, FSBO.com Wed, 02 Apr 2008 13:26:17 +0000 http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-669 Thanks Greg. Your expert input on this subject is greatly appreciated. Thanks Greg. Your expert input on this subject is greatly appreciated.

]]> By: Greg Sullivan http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-661 Greg Sullivan Tue, 01 Apr 2008 20:34:43 +0000 http://blog.fsbo.com/how-to-price-your-fsbo-property-accurately-and-effectively/#comment-661 Agreed, one of the most important steps in selling your property on your own is pricing it properly. Too often the "fsbo" seller either prices their property above or below "market value". It is imperative that the FSBO seller arm them self with enough information to be able to competitively price their home. Using an electronic valuation or online appraisal is one of most economical tools in properly pricing your home. Greg Sullivan President www.electronicappraiser.com Agreed, one of the most important steps in selling your property on your own is pricing it properly. Too often the “fsbo” seller either prices their property above or below “market value”.

It is imperative that the FSBO seller arm them self with enough information to be able to competitively price their home. Using an electronic valuation or online appraisal is one of most economical tools in properly pricing your home.

Greg Sullivan
President
http://www.electronicappraiser.com

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