I was reading up on Real Estate Conditions and Updates and I came across this article “It’s Price That Sells The Home” written by Blanche Evans on Realty Times. I think this is a great and important article for homeowners who are thinking about selling their home.
It’s The Price That Sells a Home
You’ve heard the old saying – “Location, location, location.”
The real truth is “Location, condition, and price.” And price trumps every other factor.
Location affects the value of a home, but it’s price that sells a home.
Oceanfront, mountainside, or penthouse, the most desirable location in the world won’t sell at the wrong price.
Every property has a potential buyer, but like rock, paper, scissors, it’s sometimes hard to know which factor is going to win the showdown.
A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won’t be as a high as it would be for a good location. But neither location or condition will sell any house. Only one thing does that – price.
So if you’re a seller waiting for that “special buyer” who will appreciate your faded pink and black bathroom tile, your vintage orange shag carpet and is willing to help you put your kids through college because of your real estate prowess, you’re going to have a long wait.
So if your home is represented by an agent, and it’s been on the market for a long time, chances are it’s your own fault.
Maybe you didn’t listen to your agent when he said you’re pricing your home above the market. Maybe you got mad at the first few folks who looked at your home and didn’t make offers.
When the showings stopped completely, maybe you accused your agent of not doing a good enough job.
You put the blame on everyone except where it belongs – on you. It’s not about you, what you want, or how much you need for your retirement.
I was reading an article this morning called “3 Things You Can’t Afford a ‘Wait & See’ Attitude About in 2014,” written by PJ Wade, and I wanted to share this excerpt regarding exceeding expectations:
“The best way to exceed expectations is to stop making excuses. Excuses are poison to progress. I’ve always maintained that “many reasons, no excuses” is the best approach for consumers and professionals alike. Understand why things did not work and look for ways to improve results when the next opportunity arises. Spend your creativity on great excuses and you’ve accomplished nothing except wasting time and opportunity. Be determined to meet and exceed your expectations of a newly-renovated home, home ownership, or whatever real estate results you value – no excuses.”
As our technology has allowed us to get the quick fix results we want in, I find that instead of trying to understand what didn’t work in a situation we just move on instead of reviewing the situation and seeing how we can improve our game plan to better the turn out next time the same circumstance may arise”
Although this article is geared towards real estate, we can all use this approach in all aspects of our lives. What do you think? Will you exceed your expectations this year?
For those of us who will be remodeling our homes in the years to come and your home was built prior to 1/1/1994 this is some important information.
SB 407: Water Conserving Plumbing Fixture Replacement Effective January 1, 2010 Summary : SB 407 establishes requirements for residential and commercial real property built and available for use on or before January 1, 1994, for replacing plumbing fixtures that are not water conserving (defined as noncompliant plumbing fixtures–see the statute for the details). On and after January 1, 2014, this law will require, for all building alterations or improvements to single-family residential real property, as defined, that waterconserving plumbing fixtures replace other noncompliant plumbing fixtures as a condition for issuance of a certificate of final completion and occupancy or final permit approval by the local building department. On and after January 1, 2014, for specified building alterations or improvements to multifamily residential real property and commercial real property, that water-conserving plumbing fixtures replace other noncompliant plumbing fixtures as a condition for issuance of a certificate of final completion and occupancy or final permit approval by the local building department. New disclosure requirement: On and after January 1, 2017, a seller or transferor of single-family residential real property must disclose to a purchaser or transferee, in writing, specified requirements for replacing plumbing fixtures, and whether the real property includes noncompliant plumbing.