Are You Thinking Of Selling Your Tampa Bay Florida Home? Some Simple Steps To Success. 5th In A Series
Thinking of Selling Your Tampa Bay Home? Some Simple Steps For Success!
In this challenging market, you must present your property with it's best foot forward, out shine the competition and be ready to MOVE! So before we put out that FOR SALE SIGN, take time to follow these simple steps for success so you can have a SOLD SIGN UP QUICKLY!
AN APPRAISAL OF YOUR OWN
Before we place your home For Sale on the Tampa Bay real estate market, we do an extensive analysis known as a CMA, Comparative Market Analysis. This will be discussed in detail in an upcoming post, but simply put it is an analysis of the active, pending and recently sold properties in your area. Homes that are within certain guidelines to yours are used. This helps us determine the listing price of your property. We also take into consideration condition, location and updates. However, this said, the Realtor does NOT set the selling price of your property. The Market sets the price of your property. What you want or what you need is not the price point. In this challenging, changing market it could be a smart move to obtain an appraisal, much like the buyers will do to obtain a mortgage. Here are some of the reasons why:
1. Strong Marketing Strategy-We can then advertise your home as "priced below current appraised value! Appraisal Available" If your appraisal comes in at say $369,540 then we can go with $369,500.
2. Confirmation of Listing Price- If your home is being sold with the buyers obtaining a mortgage (and most are), you can feel comfortable that you are within the appraised value range. If a buyer's appraisal comes in at a lower value, then we have some ammunition. Smart cash buyers are also including terms that maintain the home must appraise for or above contract price.
3. Verify Square Footage In some cases, sellers are surprised to find the tax records are showing less square footage than they believe their home has. Maybe you have converted the garage, or finished off another area. For your legal protection we normally use the tax records. However, we will use the appraisal square footage. This can give you a lower price per square foot number which is a leading indicator of value.
An appraisal of this type can run from $250 to $500 dollars (some range for size of home), but can be a really smart use of your money. It will put "teeth" in your pricing and give buyers a comfortable feel that your home will appraise, and discourage "low ball offers". This too will make your home stand out.
So you see these are quick and easy, but make a HUGE
difference in the way your home is perceived by a potential buyer.
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If
you would like additional information on the real estate market in the
Tampa Bay area, ( Free In Depth Current Market Analysis Of Your
Home) and Trinity Florida, contact us Dick and Dixie Sells, Realtors , associated
with Future Home Realty. Trinity Florida Community Information Call us
directly at 727-815-7800 anytime- Full Real Estate Services
including Seller and Buyer Representation, Short Sales, Property Leasing &
Management and Real Estate Consultation.
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