A few years ago, property location in Hawaii was one of the most critical considerations to make when buying and selling property. However, due to changing economic times, people have had to shift their focus from location to cost cum price. When a property is priced to sell there is a very tiny possibility of meeting with the exact fortune. However, most sellers will go the opposite way. Rather than price their home as per the current market information and statistics, they do so based on desires and feelings (read attachment to the home). By taking a closer look at similar sales in your locality and comparing things like amenities and age, you will get a basis on which to price your property. If there are many other homes in your locality for sale, you might want to have an aggressive initial price.
If you are thinking that you cannot get exactly what you want off your home, you might want to think again. A true tested and tried way of achieving a high final offer is to start by underpricing your property… yes you heard it right, putting an under-priced initial price on your home. Assuming a property in your neighborhood that is similar to yours in size, amenities and age recently sold for $185,000, pricing your home around $170,000 would be a good example of initial under-priced cost. Buyers in search of a hidden gem at a great price will take on the deal very fast. Once the buyers enter into a war of bidding, you will get into the fortunate position of having the price of your home driven up naturally by the free and fair market.
If you are thinking of placing your home on the market, you should call a professional and immediately schedule an appraisal. Sure enough, a comparative and exhaustive market analysis will give you an accurate rough idea of how much your home is worth, but it isn’t similar to an appraisal. Rest assured that an appraiser is more knowledgeable when it comes to the accepted practices and standards employed in the locality of property valuations as compared to real estate brokers and agents. You could be very surprised to discover that the value of your home as per your perception is very different from that of a professional appraiser.
Never forget that your property is worth exactly what you can be able to sell it for. To an independent buyer, your home isn’t any special. If you plan to sell your property but want to avoid stretching the process long enough, you should price the property to sell.
