YOUR HOME FREE
Everyone want the best possible price and terms when selling and selling houses. Several factors, including market conditions and interest rates, will determine how much you can get for your home. The idea is to get the maximum price and the best terms during the window of time when your home is on the market.
In other words, buying and selling houses is part science, part marketing, part negotiation and part art. Unlike math where 2 + 2 always equals 4, in Dallas real estate there is no certain conclusion. All transactions are different, and because of this, you should do as much as possible to prepare your home for sale and engage the REALTOR® you feel is best able to sell your home.
What is Your Home or Prospective Home Actually Worth?
What homes are worth boils down to “what the market says it’s worth.” A home “value” also depends on who you ask: there’s the price owners would like to get, the price buyers would like to offer and the point of agreement between buyer and seller that actually results in a sale.
In considering home values, several factors are important:
How Do You Set a Listing Price?
Because all transactions are unique there is price flexibility in the marketplace. The amount of flexibility depends on local conditions.
For example: you’re selling a townhouse and there have been five recent sales of the same model townhouse and prices ranged from $200,000 to $210,000. You now have an idea of how your home might be priced. In a strong market perhaps you can ask for $210,000 or a little more. If the market has slowed, $210,000 may be a reasonable asking price, but perhaps more than you could get for a final sale price.
Here’s another scenario: you live in a community of Victorian-style homes, most of which were built in the 1920s. All the homes are different in terms of size, condition, modernization, style and features. In such a neighborhood, an average sale price is just a statistic without much practical meaning. On a single block one home may sell for $400,000 while another is priced at more than $1 million. The average price may be outrageously high for one home and staggeringly low for another.
Knowing what listing price to set for your home can be difficult. That is why it is valuable to work with a REALTOR®. Because experienced REALTORS® have handled many transactions, they’re familiar with the terms and conditions that go into buying and selling houses, not just published sale prices that may not reflect various premiums, discounts, terms, conditions and adjustments. And, importantly, REALTORS® know of the latest sale prices among competing houses and can offer that information to the home seller.
Fantastic experience with Team Nelson in purchasing our dream fixer upper home. Team Nelson sold our existing home for free. Save yourself thousands and go with Team Nelson!
Kevin and Team were spot on with everything. There is not much I could say that needs improvement. We closed on our new home in 29 days and closed on the house we sold in 35 days.
Bill's entire operation is top notch!! I worked specifically with Lori who is an absolute gem. She walked me patiently through everything and was very responsive any time I hit a few snags with my buyers. They were realistic, supportive, and reachable at all times. If I sold another house I would...
Bill was always very straight forward to work with and he always did exactly what he said he would which isn't always the case for those in the home industry. He also went above and beyond to make sure we were happy ... If we ever look to sell or buy in the Dallas area we would work with Bill again for sure! Very trustworthy!
Kelly and Lindsay put our house on the market on a Friday and by Monday morning we had a FULL PRICE offer. Not only did we get offered full price but no repairs were asked for and we closed in less than a month. The Sokora team helped us not only prepare for this process but walked us through every...