Portsmouth NH Homes Condos Real Estate

Are you a Portsmouth NH homeowner thinking of selling your home or condo?  Do you have a multi-family in the Portsmouth area that you're thinking about selling? 

If so, this pricing information may help you price your real estate correctly right from the start.



Your asking price on your home or condo is the single most important component of getting your home or condo sold.  Sure, the condition and the location both play major roles, but the price you put on your property is the cricitical factor as that takes into account both location and condition. 

And to help determine the correct price for today's market, you need the advice from a full-time experienced REALTOR.  Your REALTOR will use their experience, knowledge of the market place and market conditions, and their professional track record to provide you with a market proposal which will help you to both come up with a competitive position for your property.


The factors that go into determining the best competitive position for your property are:

• Condition of your home or condo
  
• Location of your property
  
• Market conditions at that time
  
• Any repairs and/or improvements that might be needed
  
• Your motivation level and your time frame for selling

Your initial market position - asking price - will determine your success in getting your home or condo sold. 


If your price is too high, all the best marketing efforts in the world won't get that property sold.  Buyers aren't dumb, and neither are their agents - both will recognize that the price is just wrong. 


Here are some big pitfalls if your property comes on the market in the wrong market position:

• Those buyers who are already in the market will know right away the price is wrong - they've been looking and know the market.
  
  
• Area REALTORS will be reluctant to show your property because there are too many other properties to choose from that may be priced better.
  
  
• You'll end up staying on the market longer than you would have had you priced it correctly to start with - and this will cause buyers to wonder what's wrong with your property because it hasn't sold yet.
  
  
• Longer stays on the market need repositioning - price adjustments - just to get showings.  And extended stays on the market usually end up costing you more money in carrying costs, lost opportunities, and more.
  
  
• Even if you did find a buyer who, for whatever reason, chose to pay the too-high price, the bank or mortgage company's appraiser will likely cause the sale to be re-negotiated.  Lenders today are not interested at all in lending money on properties that are not priced properly for the market conditions.  And this could lead to financing falling apart for that buyer who wants to buy your home.

Long Beach California REALTOR, Laurie Manny, wrote an excellent article for consumers in her Downtown Long Beach Market that applies to real estate sellers everywhere.  Her article is entitled, "The 7 Dangers of Overpricing Your Long Beach Homes and Condos", and is a great for anyone thinking of selling their home or condo.




Experienced professional REALTORS are in the know about the current market conditions - and that's why you should have a professional work with you to get your Portsmouth NH home or condo SOLD!


 Are you looking to buy real estate in the Seacoast NH or Maine areas?
Give me a call and let's set up a time to talk to see how I can help you out!




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  Ann Cummings, New Hampshire REALTOR
  Broker - NH and Maine
  RE/MAX Coast to Coast
  Portsmouth NH
  ann@anncummings.com
  888-349-5678 x 3839
  Servicing the Coastal Areas of NH & Southern Maine                    



                                    

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