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How to Price Your Property?


A house properly priced is half sold.
But there are plenty of ways to price it improperly..

* You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time..

On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale.).

* You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you..

* You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay..

So how do you price your house?.
By putting yourself in a buyer's shoes..
What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?.

Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis. .

And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?.

Ajay Pats is a professional manager.He manages real estate broking site "Real estate broker"(http://realestatebroker.nexuswebs.net/realestatebroker/index.html ),community for home based business entrepreneurs "Venturecon/Home business opportunities" (http://groups.msn.com/venturecon ) and inspirational ezine "Discover secrets of happy and prosperous life " (http://www.topica.com/lists/venturemall ).


MORE RESOURCES:

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Real estate transactions for Sunday, Aug. 20, 2017
TribDem.com
Deborah A. Christofes from Jacqueline Bodenschatz Morrison, by attorney-in-fact, property in Westmont Borough, $65,000. Mitchell Wilson Jr. from S2C LLC, property in Richland Township, $181,000. Kayla Kukenberger Rubis from Telford W. Allison, property ...



Real estate records, 08/20/17
Lincoln Journal Star
Anderson, Adam M & Craig E & Brenda J to Fosket, Shad A & Tina L, 2301 Dudley St., $90,000. Anderson, Christopher L to Hargrave, Andrew J, 1410 Cheyenne St., $112,600. Anderson, Michael J & Roseann to Marron, Mary B, 6400 Ashbrook Dr., $500,000.



Crain's Cleveland Business

Frank Sinito has sky-high hopes for real estate portfolio
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That's also how the native Clevelander went from humble beginnings to launching the highly regarded Lockkeepers restaurant to growing an apartment-based real estate empire with 24,000 suites in 26 states. Now the company is so large that it hosts an ...



USDA reports farm real estate, cropland value in Iowa has increased this year
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SHENANDOAH — Good news when it comes to Iowa farmland and buildings on farms, according to the United States Department of Agriculture Land Values 2017 Summary. The United States farm real estate value, a measurement of the value of all land and ...



CNBC

Christie Brinkley to sell $50 million worth of Hamptons real estate
CNBC
The three-story colonial mansion was built in 1843 by a whaling captain. It still features much of its original carpentry, including the wide-plank floors, oak banister and multiple fireplaces. Brinkley purchased the four-bedroom residence in 2004 and ...



How to nail the real estate post-close follow-up process
Inman.com
You found your buyers the perfect house and helped them write a winning offer. You held their hand through the inspection and appraisal and getting that earnest money check from point A to point B; you were there when they signed their names a hundred ...



OCRegister

Allen Buchanan: What's the MOST important part of a commercial real estate investment?
OCRegister
I believe the income stream is the MOST important part of a commercial real estate investment — otherwise, you don't have an investment, you own an empty building. A commercial real estate investor considers many aspects of his investment. The ...



Texas real estate company buys a big piece of Colorado Springs homebuilder
Colorado Springs Gazette
A deal between a longtime Colorado Springs homebuilder and a Texas real estate company could signal changes in the local homebuilding industry. Privately owned Challenger Homes, one of the area's larger residential builders, has taken the first step ...



Real estate transfers: Reported Aug. 20, 2017
Herald-Whig
Dustin Eugene Hoffman, Sara J. Hoffman and Sara J. Schaller, residence at 927 S. 22nd St., to Olivia L. Stotts. Arlene R. Heck, residence at 1211 Boulder Court, to Brian R. Snyder and Diane M. Snyder. Marta E. Hayner and Marta E. Minnick Huneke ...


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