Finally, look at home prices over time. Price appreciation is often indicative of a seller’s market. To do so, you can look at the price curvature of your area using your zip code on BuilderOnline.com. 2. LIST YOUR HOME AT MARKET VALUE There is the value that you think that your house is worth and what it is worth. The latter is where your focus should be and finding that information should be accessible by using your address on realtor.com/sell. You will get a figure that will help you determine the price at which to price your home. You can get an even clearer picture by conducting a comparative analysis of homes that match square footage and location in your area. It is advisable to list your home at market value; that way, you get an opportunity to have full-price offers quickly. 3. PRICING HIGH If you are not pressed for time, you can list your home 5 percent to 20 percent over the market value to see if you will get a big offer. However, this strategy is a risky move as you might be setting yourself up - your house might be sitting in the market for weeks. Additionally, your home may be even harder to make the sell if your lender’s appraisal of the home doesn’t ring the same number you priced your home at. That is not to mean that it is impossible to sell over the market value of your home, it has been done before, but these sellers tend to focus on investors that will make cash offers. 4. PRICING LOW This strategy guarantees that your home will get a lot more exposure and multiple offers. Should you decide to price your home below market value, let it be 5 percent to 10 percent lower than the market value. With this strategy opening the door to more sellers, your options become more expansive, and a bidding war might ensue. If that happens, you will be able to choose the buyer that gives you the best offer. However tempting this strategy might be, it can backfire on you if one request is made on your home. Before you think of enlisting your home, it is good to know whether your house is in a seller’s market or not. That bit is significant as there are different tactics applicable to other locations. Remember, these different tactics have their pros and cons, so consider wisely. A good and experienced real estate 70 l
agent will help you conduct a comp analysis that will help you price your home better. Additionally, they will be there for you every step of the way. At Power Is Now Media Inc., there are qualified and highly experienced real estate agents that would love to walk with you through this process. Connect with one now at www.thepowerisnow.com. ABOUT THE AUTHOR Mr. Ameer Elahee is a very successful realtor, consultant, international speaker, and motivational life coach. One of Ameer’s true passions is real estate sales, first-time homebuyers, and homeownership education. Currently, Ameer is fulfilling his lifelong passion in real estate at Keller Williams, where he has achieved every milestone he could as a market leader in the organization where he is very involved. Twenty-five years also in the mortgage banking business, retail lending; he knows that and much more. Therefore, if you are in the market for a real estate professional that is passionate, provides great communication, and technical skills to his clients Mr. Ameer Elahee is your go-to agent in Fontana. He has extra perks too, He is certified as a homebuyers; educational trainer; he’s trained over 10 thousand individuals and families in financial literacy, homebuyer education, and more. If you are in the Riverside area, consider contacting Eric Lawrence Frazier, MBA, at 800-261-1634 ext. 703 and begin your homeownership journey today. ABOUT THE POWER IS NOW MEDIA The Power Is Now Media Inc. is an advocate for the empowerment of the minority communities all over the United States. We engage with various thought leaders to make sure that you are equipped with knowledge about our economy. We have partnered with First Bank to provide you with products and services that will help you prepare better for the future. We are also advocating for first-time home buyers. The Power Is Now Media can help your homeownership dream become a reality. Go to www. neverrentagain.com and get started today. Eric Lawrence Frazier MBA, Vice President and Mortgage Advisor of First Bank, NMLS 461807 President and CEO of The Power Is Now Media Inc. www.thepowerisnow.com. Work cited https://www.realtor.com/advice/sell/how-to-price-a-home-in-sellers-market/. https://www.southernliving.com/home/house-worth-sellers-market.
THE POWER IS NOW MAGAZINE | OCTOBER 2021
