Few Tips For Setting The Listing Price Of Your Beverly Hills Home
For Beverly Hills homes sellers, setting the listing price is one of the important factors in selling the property as quickly as possible. You should be objective not emotional and do some analysis and evaluations before deciding on the sale price. Here are some of the things to consider formulating the best listing price for your Beverly Hills home.
Comparable You can use a realtor help with comparable analysis and you can also do your own research to find out what have other homes in your neighborhood sold for within past few months? You should compare your property in terms of building size, lot size, condition, number of bedrooms and baths, amenities and so on
Competition This is something that most sellers and Realtors dont consider. But do you know how many other homes are for sale in your street? How about within a mile ratio? Are these homes similar to your property? Are they mostly newer homes or older than your property?
Accuracy some experts believe that accuracy is a key in selling your home quickly. There are reports that shows homes priced more than 5% over the correct listing price take longer to sell. Of course they used national average and it could be different for selling Beverly Hills home. However, regardless of the percentage of over pricing, listing price dictate how quickly you can sell your property.
Special Situation If you have special circumstances, they may affect the price youll receive or the number of offers you get. For example, there are sellers that want to close the transaction at same time theyre purchasing another home. Or seller may require more time to move out of the house.
Know the minimum amount youll accept You need to know the minimum price youll take before starting the negotiation. In doing so, you need to figure out your closing costs and your net proceeds. Also, there may be some repairs that youll need to do that come up at inspection.
About the Author:
Shawn Shayestehfar is the managing broker for Platinum Capital Realty. Our firm is a full service discount real estate brokerage firm specializing in Beverly Hills, Brentwood, Santa Monica and other Westside real estate market. We offer discount listing and short sale services for property sellers. Our firm also offers 50% buyer cash refund to buyers that allow us to represent them in purchasing their residential or commercial real estate properties.
