5 Tips When Selling Your Basking Ridge Home
Tip #1: Make sure to check to see if the buyer is qualified.
During this process make sure to know the difference between a pre-approval and a pre-qualification letter. Have your experienced Basking Ridge real estate agent, Adrienne Francis, carefully check out your buyer’s qualifications. No sense taking your home off the market for someone who can’t afford it. You might miss a really great buyer.
Tip #2: Check to see how long your property has been on the market.
If your home has been on the market for 21 days with no offers, you should be reducing the price on your home by 3% each time. A new listing has the best chance of selling by hitting the market with a bang. Be swift and concise in pricing your home. Adrienne Francis will help you study the market and will know what price will sell your home.
Tip #3: Where will you be able to compromise?
If you don’t want to reduce the price on the home, try a paint allowance, pay closing costs, or leave your appliances.
Tip #4: The Appraisal is The Final Word.
Sellers value their homes from emotional ties and they know what they have invested in the home. Buyers value the same home by comparing the home to others they have viewed and what they have in their bank account. The appraiser, for the buyer’s lender, has to validate that home price solely based on facts. He goes by the sold homes in your area in the last few months. The bank will only lend on the price of current home values. Even if you could get a phenomenal price on your home, the appraisal will dictate what the selling price will be.
Call Adrienne Francis today at 201-259-4449 for more information about selling your home in Basking Ridge
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