Right Price, Real Estate Agent Key to Quick Sale

By
REW.ca
June 21, 2011






Setting the right price is the most important item when you want to sell your house fast, Real Estate Agents say.

"The top five percentile of homes price-wise tend to take longer to sell because there is a smaller market, and it tends to be a more volatile market in a boom and bust cycle," says Cameron Muir, chief economist with the British Columbia Real Estate Association.

So, right from the outset, you want to make sure you do not price your home at the top of the market home values.

"Having your house priced according to current market conditions and having maximum exposure to the greatest number of buyers is always a good idea," says Muir. "What you're doing as a home seller is competing with a lot of other sellers in the marketplace."

Some are also " staging" their homes to get an edge in the market.

To ensure a quick sale, you have to be sure your buyers can afford to pay what they offer. Working with a Real Estate Agent can help you, as Real Estate Agents have been trained and licensed in working with buyers and negotiating contracts that do not, as a rule, tend to fall through.

Real Estate Agents also know how to value real estate. They have access to a database of statistics that the rest of us cannot use. The Comparative Market Analysis (CMA) compares prices of homes that match the style, neighbourhood and size of your home. The CMA reveals the sold prices for other homes in your area. It also includes the price of current and expired listings (the ones that did not sell).

With that proprietary information, a Real Estate Agent can help you set a price that will make your house attractive to buyers without undercutting your bottom line.

When looking for a Real Estate Agent, pay attention to the sales in your neighborhood and attend open houses. Observe Real Estate Agents in action and ask friends for their referrals. Every Real Estate Agent is different. Your agent works for you, and it is up to you to be a good and thorough employer.


© Copyright 2016

Comments

REW.ca welcomes your opinions and comments. We do not allow personal attacks, offensive language, unsubstantiated allegations or self-promotional content, including promotional website links. We reserve the right to unpublish comments, to edit them for length, style, legality and taste, and to reproduce them in print or online. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Email to a Friend

Close

Get the REW.ca Newsletter
Most Popular
Start Your Real Estate Search with REW.ca

REW.ca is your best tool for real estate search. You'll find both MLS® homes and new developments for sale. MLS® listing search covers the real estate boards of Greater Vancouver, the Fraser Valley, Chilliwack, Vancouver Island, and Whistler. Sign up for free property alerts and read BC real estate news.

REW.ca is the online arm of the largest real estate market newspaper in the Lower Mainland: Real Estate Weekly.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.