Now more than ever before, Sellers are asking GreatWest GMAC Real Estate professionals, “How can I sell my home for the BEST PRICE, in the SHORTEST AMOUNT OF TIME, with the MOST FAVORABLE TERMS?”

It is imperative that the home be PRICED RIGHT. . .from the start!
There are many things that affect the value of a home, and in today’s market it’s even more important to be sure to price your home right.

The ECONOMIC CONDITIONS are one of our biggest factors affecting pricing today, which has an impact on SUPPLY AND DEMAND, but you also need to take into consideration, MORTGAGE MARKET, and at this writing the rates are at one of the lowest points since 2002, SEASONAL MARKET, its summertime and people are moving before school starts, and last and regardless of the other factors this one is Very Important - - - LOCATION - LOCATION - LOCATION

You can’t change your location, each area within a city, state or the country, has its own unique characteristics and this is a very large factor that determines value. You have to compare apple to apples, not apples to oranges.

There are three ways to determine a fair market value or price:

COST APPROACH: most useful on new properties when replacement values are easily determinable.

INCOME APPROACH: usually used for investment and income producing properties.

MARKET VALUE APPROACH: which is normally used in re-sale residential properties, using the comparable properties sales prices.

A Proper Market Analysis will consider all of these factors and help you the seller and your Realtor / Real Estate Agent determine the Fair Market Value, at the time your home is listed, remember the above conditions change and prices/values change with them.

A properly priced listing is the most important factor in marketing your home for the best price.