Seven Main Ingredients that Make up a Sell / Purchase.
When all of the following ingredients are in agreement...
Location:
To coin the favorite phrase of appraisers: "Location, Location, Location." The pricing of your property must reflect its location.
Condition:
The upkeep and presentation of your property is crucial to obtain the highest value for your home in any given market at any given time.
Price:
Price is the number one factor in the sale of a home. A property is really only worth what one person is willing to pay another to gain ownership of it. Price must be in direct relationship to the other 4 ingredients and it is the most important of all!
Terms:
The more terms available on your property the more potential purchasers you reach. The pricing of your property must reflect the kinds of terms available to purchase it.
The Market:
I.E. Interest rates, competition, and the economy all make up and influence the state of the Market when you sell your home. The pricing of your property must reflect the current status of the Market.
A Good Loan Officer :
Financing can be time consuming and stressful. When the buyer is pre-approved it makes the process run smoothly.
A Good Realtor:
An agent that cares about what your goals are and is willing to work towards getting the best deal in a timely manner is exactly what you will need.
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~Recipe for Quick Cheesecake~
1 gram cracker pie crust
1 package of soft Cream Cheese
1/3 cup of Lemon Juice
1 can of Eagle Brand Milk
Mix together with beater until solid, pour into pie crust, put in refrigerator until ready to eat!
Try it and let me know if you like it! Its easy enough.
Rosemary, Hey there, how are you doing? I just saw this blog and had to comment. I really enjoyed you pointing out what is needed to have a successful sale/ purchase. I would love you to send me a copy of the newsletter.
The part about location, location, location is never more true in California. As you know prices are all over the place, depending on where you are. I am in Southern Cali, and the market is all over. Just between Palmdale, Lancaster, and Rosamond, (cities within 20 minutes of each other at the most) there is a huge price difference. Say house in Rosamond is 280k. Same house in Lancaster is 310k+ and in Palmdale is 340k+. Even price differences between being on the east side or west side of about 20-50k.
And condition, OMG. We have about 4700 houses on the market on our MLS, not counting new homes. People are trying to get top dollar for their homes, but don't realize that if they want more then the next house that looks identical, then they have to make sure the condition is far superior and that there is something special about their house, otherwise it comes down to price and out of two houses or more that are the same, price and location will win out.
That is enough for now. Thank you for your blog. Earl "The Pearl"
Earl - thanks for asking, I will put you on the distribution list. I will admit we are a little behind in getting out May's and it probably won't happen until June and then of course it will be June's issue! Smile
We are in the process of changing it to quarter newsletter and replacing the monthly to our website. But that is all in the works
Steven - I am finding that life works better on the basics (simply put) so I am trying to remind myself to get back to the basics a little more.