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How’s Business?

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You have put your Queens home up for sale, but just because you think you have priced it does not mean you cannot get what you want or need out of it. You have to accept what your property may actually be worth.

Pricing your home correctly is important when you have decided to sell. Take away the emotional attachment you have for the property, even if it has been your home for years. It is not easy to do this now, even for the most seasoned realtors.

Find current prices for comparable homes in your neighborhood. See what other Queens homes similar to yours have sold for in your area. Detach yourself as the seller and look objectively at the features that make your property stand out against your area's comparative properties.

Look at the features that could be improved upon and be fair and honest. Square footage, the number of bedrooms, the garage and the overall interior space and layout determine what price your property will command. Review what cosmetic things can be done to make your home more eye-appealing to a potential buyer. This is usually the most inexpensive way to raise your home's value.

When selecting a price, remember that the right price is within 5 percent of the market value. If priced high, you will get little interest. Many will wait you out until you realize that you are not getting that price. If you price low, you run the risk of giving your property away and kicking yourself later.

So How's Business regarding pricing your home for sale correctly? Sellers think their homes are worth more than they are and buyers think the properties they are looking at are overpriced. Where you live and how much you put into your home will be determining factors in getting close to the sales price you want.

Reach Joe Palumbo at 516-248-0256 or info@camelotlimo.com.

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