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Local Foreclosure Info |
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For a list of
local foreclosures in Bucks County and other
real estate investment opportunities - be
sure to view our foreclosure center.
Get Started >> |
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Getting top Dollar for Your
Home
Ready to sell and now the
challenge is to get top dollar for your home in Bucks
County. Here are some pointers that will help you achieve
top dollar for your real estate, allowing you to take
advantage of current market conditions.
The price of your Bucks County home depends upon many
factors. This is where using a realtor does come as an
advantage, because improperly pricing could cost you
thousands. Statistics show that Bucks County home owners who
sell on their own, known as FSBO’s (for sale by owner),
often times lose more money, rather than saving, no to
mention all the additional headaches they add to the
process!
The price and sale of your Bucks County home depend on how
strong the market conditions are for that area, your home’s
desirability, your home’s condition and your willingness to
wait for the ideal offer. With the recent strength in the
Bucks County market, the buyer has found that they have the
upper hand, with real estate values rocketing and the demand
exceeding the supply.
Initially you want to go to an agent and receive a market
analyses for your Bucks County home. These are formally
called CMA or comparative market analysis. Here the Bucks
County agent will compare a handful of properties in your
area that were recently sold and are similar to your
property, which will give you a ballpark range of the value
of your home. As long as you chose an experienced agent in
the Bucks County area and a good track record, your risk of
under pricing or excessively overpricing will be reduced,
saving you time and capital.
Make Your Home a 10 in Bucks County
When you are ready to start showing your home to potential
Bucks County buyers, you want to make sure the house looks
well kept and is top condition. Buyers overall do not want
to purchase something that is going to be hard upkeep or
require excessive fixer-upper projects when initially
acquired. If they are looking for a fixer-upper, then they
will also want a deal, so make sure the house looks well
kept when presented.
When preparing your home, look closely. Paint walls that
show major wear and tear. Make sure the bathrooms and
kitchen are cleaned thoroughly. Always make sure the floors
shine and what can be polished is polished. Clean window
blinds and makes sure you can see outside, without cobwebs
and dirty covering the windows. Use scented candles or
potpourri around the home when potential buyers are
anticipated. Try to remove any furniture that plays down the
room’s beauty and open the blinds to brighten up the home.
Spend the time ensure your home is presentable and hire
professional cleaners if needed.
Set The Proper Price for Your Bucks County Home
Often times homes will be set around 5-10% above current
market price. Listen to your agent and challenge them on why
they are pricing your Bucks County home at the current
value. Make sure it’s close to the square footage cost of
other homes in your area that were sold. If the market is
strong, be sure the price is set for the proper demand,
which in a strong market will be slightly higher. If you are
in a rush or depending on your home selling quickly, be sure
to not overprice your home. When you receive offers under
the asking price, scan through them and be sure to
counteroffer before settling.
Pre-Sale Inspection
In some cases, it is recommend that a pre-sale inspection be
made by a qualified home inspector. This way you know what
is likely to be found by a home inspector, once you find a
potential buyer. This is key, because large repairs that are
needed before a home is sold will cause the price to change
and as a last minute repair, it could cost an arm and leg.
During a Showing, Practice Magic and Disappear
When a potential buyer enters the home, let the agent do his
or her work. When a client is looking over the home, they
will be less critical if you are there, which means they
will be less serious. Leave the home, go out for lunch or
dinner and let the agent work one on one with the buyer.
This way your presence does not become a roadblock and the
agent can work for the commission. If you have a pet, like a
dog or a cat that needs to be loved, then take them with
you. Remember, not everyone loves animals or your pets like
you do.
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