Pricing directly impacts the amount of time it takes to sell a
property and whether it will sell at all. Pricing is especially critical in a
slow market or when there are an abundance of properties for sale. Below is
advice on positioning Staten Island NY homes to sell in a declining
market.
market varies. When you hear facts on the news, those commonly refer to national
figures. Your particular region may be very different. A local real estate agent
can provide a comparative market analysis on your property. This analyzes recent
Staten Island NY sales of similar property and provides a reasonable price range
in which your home may sell. This value may change based on the time of year and
recent sales, so avoid relying on past information.
Be
When reading the Staten Island NY market analysis repo
rt, remember that it is a range. Where your home falls in that range depends on
the competition and your target timeline. As a home owner, it is common to feel
a sense of attachment to your home and to the work that you have put in.
Unfortunately, not all potential buyers will assign the same value to different
features and amenities. Anticipate that you may not get back the full amount
spent on upgrades. Additionally, home prices may be affected by Staten Island NY
foreclosed homes in the area, which are traditionally sold at deep discounts and
are still considered comparable properties. Market value is defined as the price
that a home buyer is willing to pay for a home during a particular time. It may
not necessarily match your expectations or be close to the original purchase
price of the property.
Positioning Staten Island NY Homes To Sell In A
Positioning a property above the reasonable range will
result in valuable time being lost. If the
Staten Island NY real estate market drops further during that time, the home
will ultimately sell for even less than it would have if positioned accurately
to begin with. Additionally, home buyers tend to have a negative perception of
houses with lengthy market times. This opinion is nearly impossible to overcome
even if a home drops in price later. Pricing too high causes more harm than
good.
current market value of your Staten Island NY home is far too different than
your requirements, it may be better to keep a close eye on the market and wait
for values to increase rather than overpricing and letting it grow stale for an
extended period of time. If you have no choice but to sell and need to do so
within an exact period of time, selecting a price appropriate for the market and
competitive with other homes will be critical to achieving your target date.
Time is money and the loss of valuable time can be m
ore costly than you may realize. This information on positioning Staten Island
NY homes to sell in a declining market was offered by Gregory Diaz and Gina
Guerriero at S.I. Premiere Properties
property and whether it will sell at all. Pricing is especially critical in a
slow market or when there are an abundance of properties for sale. Below is
advice on positioning Staten Island NY homes to sell in a declining
market.
Understand the Staten Island NY Market
Each real estatemarket varies. When you hear facts on the news, those commonly refer to national
figures. Your particular region may be very different. A local real estate agent
can provide a comparative market analysis on your property. This analyzes recent
Staten Island NY sales of similar property and provides a reasonable price range
in which your home may sell. This value may change based on the time of year and
recent sales, so avoid relying on past information.
Be
Practical
When reading the Staten Island NY market analysis report, remember that it is a range. Where your home falls in that range depends on
the competition and your target timeline. As a home owner, it is common to feel
a sense of attachment to your home and to the work that you have put in.
Unfortunately, not all potential buyers will assign the same value to different
features and amenities. Anticipate that you may not get back the full amount
spent on upgrades. Additionally, home prices may be affected by Staten Island NY
foreclosed homes in the area, which are traditionally sold at deep discounts and
are still considered comparable properties. Market value is defined as the price
that a home buyer is willing to pay for a home during a particular time. It may
not necessarily match your expectations or be close to the original purchase
price of the property.
Positioning Staten Island NY Homes To Sell In A
Declining Market
Positioning a property above the reasonable range will result in valuable time being lost. If the
Staten Island NY real estate market drops further during that time, the home
will ultimately sell for even less than it would have if positioned accurately
to begin with. Additionally, home buyers tend to have a negative perception of
houses with lengthy market times. This opinion is nearly impossible to overcome
even if a home drops in price later. Pricing too high causes more harm than
good.
Some Final Advice for Staten Island NY Sellers
If thecurrent market value of your Staten Island NY home is far too different than
your requirements, it may be better to keep a close eye on the market and wait
for values to increase rather than overpricing and letting it grow stale for an
extended period of time. If you have no choice but to sell and need to do so
within an exact period of time, selecting a price appropriate for the market and
competitive with other homes will be critical to achieving your target date.
Time is money and the loss of valuable time can be m
ore costly than you may realize. This information on positioning Staten Island
NY homes to sell in a declining market was offered by Gregory Diaz and Gina
Guerriero at S.I. Premiere Properties
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