Wednesday, February 13, 2013

Correct Pricing With Property Management Albany Oregon

By Paula Barron


A property management Albany Oregon property for sale takes some forethought by the seller. In asking the question how to sell my house, a seller is presented with a number of questions that require answering. The most important of these being as to whether a property is in the condition it should be in order to fetch the best possible price in the market.

Selling an asset such as a family home requires knowledge of what other properties are being sold for at the current time. A seller can get a perspective of what the value of his or her home is by searching the Internet for other properties that are on the market in the same area. This will give an indication and an approximate value of what a property is worth.

However, this is a limited perspective as other considerations need to be taken into account. Facts such as stand size, floor area, swimming pool, number of bathrooms, number of bedrooms and other criteria such as the condition of the kitchen and what it is equipped with, all add value to the selling price of a property. It is difficult to gauge these criteria by simply searching for homes for sale on the World Wide Web.

Homes published for sale on the Internet are not listed with all the immovable items that would create interest for the would be buyer. For instance, a newly purchased and installed eye level oven would add a considerable amount of value. Unfortunately, when selling, unless you post a picture of the eye level oven, a prospective buyer would not take this into account when making an offer.

Sellers realise these extra expenses that they have spent on their properties and will value their home accordingly. It is a difficult exercise to calculate every item and expenditure that a seller has spent on their property. It is for this reason that a current market analysis is carried out by an estate agency firm.

A seller wishing to sell a property on their own by using one of the many sites that enable them to do this, will inevitably come up with a more subjective selling price which is usually emotionally based. The problem that arises here is the possibility that they may over price the actual current market value. Estate agency firms are equipped with their own systems of analysis as to the amount of money that a property should realise if marketed correctly.

Many home owners decide to sell their households themselves in order to avoid commission payments to estate agency businesses. This may be a good reason to go it alone and sometimes it may turn out to be the incorrect decision altogether. There are many reasons as to why a property does not fetch the value it should and one of them being that an incorrect analysis of its current market value was calculated.

At the end of the day, the market determines the amount a property sold by property management Albany Oregon will sell for. It is therefore a misjudgement by owners to market their properties at a price way above a reasonable market value. This usually prolongs the sale as invariably many buyers will not want to pay more than they know they should.




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