🏠How to Know the Right Price for My Central Frisco TX Home

As a seller, you should be able to identify the approximate value of your property in Central Frisco, TX

Setting a price is the most important sales tool in real estate.  If your house is priced right from the start, you’re on the right path to attract the most number of buyers who can afford to pay the price your home is worth and within your own timetable.

What will happen if you price your property in Central Frisco, TX more than 5% over the market value?

• Your buyers may be intimidated and they may resist inspecting your home since they can find better values somewhere else.
• Buyers won’t even bother to look because they can’t afford it.
• The longer your house sits on the market, people in the marketplace may think something’s wrong. This is when your home can become “stale”.
• Tendency is you will be inclined to lower the price later down the road, just to be able to move the sale.

On the other hand, underpricing it would also be a substandard choice. You will lose money if you set your price below the market value but when time is of the essence, then setting a bargain price may attract more prospects.

How do you set the right price?

A licensed REALTORⓇ like myself has access to the Multiple Listing Service (MLS) where I can see all the information that we need to compare your home to similar properties in your area.

• Examine the features of your home that stand out among the listings on the market.
  

  
• Enhance the marketability of your house in order to reach the highest possible value. This is where curb appeal comes in, including making all the necessary repairs and improvements before listing it on the market.
• I can present to you a Comparative Market Analysis (CMA) when we start working where we can compare the recently sold properties in your area that are similar to yours. This will help you determine the listing price.

Your home’s market value and your personal situation should go hand in hand. Your situation will have a strong influence on how you will put a price on your home.

You also need to put mortgage into serious consideration. If you can see, through the analysis that we’ll do, that the market value won’t cover the mortgage balance, you may want to wait until the market conditions improve.

Why do you need a REALTORⓇ to sell your home?

Selling your homes means you will need time, negotiating skills and knowledge of neighborhood trends. These are some of the things I can do for you aggressively. It’s my job to keep abreast of the market changes that happen everyday.

When you’re ready to sell your home in Central Frisco, TX, please take advantage of my expertise to help you see the clearer picture of the current market conditions and price your home to sell.

I’m Loreena Yeo and you can reach me at 214-783-2210!

In case you can not view this video here, please click the link below to view 🏠How to Know the Right Price for My Central Frisco TX Home on my YouTube channel:  https://youtu.be/50pOuPTMjBE

Should I Use a Realtor to Sell My Frisco TX House?

This is 2017 when this article is published and here in the surrounding Frisco, Prosper, North Dallas area, real estate market is still booming hot. This article is really not to convince you if you should use a real estate agent to sell your home but just some of our personal experiences of why – if we were a home seller, we would not consider NOT using one.

It’s a HOT SELLER’S MARKET. Anything sells. So it seems. Why should you consider hiring a real estate agent?

Well, as they say, “You don’t know what you don’t know” until you are faced with what you needed to know. While every buyer and seller know what a HOT SELLER’s MARKET is,

1.Does a seller know how does a potential home buyer react in a hot seller’s market?

2. Does a seller know what are the right questions to ask the potential buyer(s) when showing the property? Did the seller share too much information that is detrimental to his/ her sale?

We are typically “nice” friendly people. But sometimes saying “too much” gives your negotiation power away. Sometimes saying “not enough” may seem like you are hiding something.

3. There are over 30+ items to negotiate on a sales contract not yet to include the addenda that come with it. Most often, buyers and sellers focus on the price but as our real estate experiences show, it does not always boil down to price. Closing dates, possession, other non-realty items are some of the other things that may come into play.

Then, how about objections to other documents that come back in after title search or HOA documents?

There are big things to negotiate on the contract. Then, there are some items that are not so important. Could you identify them correctly?

4. How about delivery of money, documents, etc.? Would you know when what is due?

It is not our intention to scare you away by trying to do it yourself. Most of the time, our observations about sellers who try to avoid a seller representing them may not even know how to negotiate to protect themselves. Yet the transaction went well. But sometimes, not every Frisco TX home seller is that lucky.

Some form of representation is always better than none, especially when you hire a fully qualified, high-octane real estate agent to represent you.

5. Do you know how to handle multiple offer situation? What may be the steps in doing that? However, most often than not, most individual home sellers who sell their home individually do not experience multiple offers because they don’t know:

a. How to drum up multiple offers?

b. What to do with multiple offers? (when it happens)

c. How to correctly negotiate multiple offers?

d. How to evaluate all the offers that come in?

6.  Buyer qualification is HUGE. Not all buyers are pre-qualified the same way. Would you know how to screen them?

And before all these contract negotiation opportunities, do you know what and how to prepare your home to give it its most deserving appeal to the most amount of buyers?

There is never a perfect home out there (yes, although you might think so). Do you know what are the items that really need to focus on when selling? Which are less important to buyers?

Do you know how to secure your property during showings? Do you know who is entering your house and if the reason is truly to potentially buy your home?

I do think I should stop now. Otherwise, it would be very overwhelming. You get the gist.

A good real estate agent knows how to get top dollar for your property in the least amount of inconveniences and heartache because a real estate transaction is very emotional, especially when it is talking about your home, where all your memories were made.

It’s best to leave it to the professional.

In case you can not view this video here, please click the link below to view Should I Use a Realtor to Sell My Frisco TX House on my YouTube channel: https://youtu.be/c8DibgKnq-I