Learn Pricing from Real Estate Professionals

Oct. 20, 2011 - PRLog -- We Buy Houses - Benbrook TX: Even if you have decided to sell your own home and skip using a real estate professional, you can learn from their victories and more importantly, from their mistakes. Take the example of home pricing. Professional home sellers are aware that the first listing agent rarely sells the house, especially in today’s market. It’s not until the second or even third attempt at listing that the house is sold at last.

With each new listing, the house price is typically dropped in price. The first one is probably the current market value or maybe even a bit higher. There’s commission paid on a percentage of the sale, you know, so the higher the price the better, right? Well, maybe that’s true for the agent – if the house sells at all. If not, no one wins, especially not the seller.

The next attempt will drop the price to the current market value or maybe just slightly under hoping that will work to attract buyers, again not letting the price drop too much, which lessens the commission. The house is still, not surprisingly, on the market by the time that second listing expires.

Now it’s time to get serious about selling this house and a third attempt is made, only this time the price is reduced to a point that will not only attract lookers, but may even catch a real buyer. The house is now priced less than current market value.

Sellers and agents alike know that the longer the house is on the market costs the seller a good deal of money. There are payments to make, insurance to keep up, maintenance to do, and utilities to keep on indefinitely until the house is sold. This should be reason enough to understand that putting a lower asking price on the house in the first place may be the wisest choice you make.

Calculate what it will cost you for every month the house is on the market. Then set your price accordingly, knowing that even if you sell for less than what you wanted, you will most likely come out on top because your house is likely to sell quickly. Remember, too, that professional home sellers aren’t the ones paying the expenses of keeping the house on the market for a longer period of time. They have nothing to lose except their own commission by keeping the price too high.

Your Texas Home Buyers is a real estate investment company in Fort Worthand the surrounding suburbs of Tarrant County Texas.  Your Texas Home Buyers was established by John Pribble, a ten year veteran in the investing world as well as a Real Estate Broker.  http://www.YourTexasHomeBuyers.com

Our expertise in the real estate business has been fine tuned through hundreds of transactions.  We deal with houses in all price ranges, both ugly and pretty, in all areas.Contact us today at YourTexasHomeBuyers to sell your house fast!

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Your Texas Home Buyers http://www.YourTexasHomeBuyers.com, is a real estate investment company in Fort Worth and the surrounding suburbs of Tarrant County Texas. We Buy Houses in all areas Fort Worth Texas area.