Realty As Is

In today’s troubled Salt Lake real estate market if you’re a seller you are probably asking how can you compete with the short sales and banks? We’ll if you have been following you blog posts on pricing a home you have to look at the absorption rates of a market and price in the % of homes being looked at by buyers. 30 homes on the market from $100,000 to $160,000 of similar qualities and area and 3 to 5 selling a month you would have to being the best 15 house for bang for the buck of a buyer. How do you do that if your let’s say on South mountain and your own $230,000 on a home that you bought in 2004 that was appraised for $290,000 in 2006 for your no-cash out refinance to remove your mortgage insurance. You think Ok my home is not worth $290,000 but it worth $260,000. We’ll in reality the bank owned and the short sales are selling for $230,000 at $80 a SQFT. You’re priced at $86 a sqft and your not getting any showing. Worst off if you sell for the $230,000 you will have 6% commission and title fees of $2,300; you come out of pocket with $16,100 to move. We’ll the sobering fact is that selling a home isn’t only about exposure to buyers, that just gets buyers to your home. Ok once they’re there you still have to have the best bang for the buck home no home buyer wants to pay top $ for a nice paint job. Everyone what to think their home is the nicest in an area it the best kept staged etc. Those aspects don’t matter to buyers, period unless you’re also the best buy! Continue reading Flat Fee Listing Services that work in Salt Lake housing sales