Logically looking at the variables that go into the sale of a house, one has to look at the following elements: Location, Price, Market and Condition.
- Location is the most straight forward element, as it cannot be changed and there is nothing one can do about it.
- Price can be changed to reflect for the shortcomings of the other elements, but comes at the cost of lost monies.
- Market is twofold and consists of the conditions existing in the marketplace, i.e. mortgage rates, consumer confidence, etc., which once again one has no control over. The second is the marketing efforts for exposure of the property to prospective buyers. Making the home available for prospective buyers to easily schedule showing appointments is very important. A seller may only get once chance with a prospective buyer and one never knows if that buyer was “the one”!
- Condition is the one element that most have control over and which one can readily do something about to make improvement. Carpet can be replaced, walls can be painted, landscaping can be inproved to create “curb appeal”, appliances can be updated, etc.. Cleaning, staging and preparedness are virually cost free conditions that every seller can do.
Get more tips and ideas on how you can prepare your house for sale so you can get the best possible price and terms when selling. Our video is available by DVD or download and contains much more detailed information. Here’s a sample clip:
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