What is Your House Worth Today

By
Real Estate Sales Representative with DIR-USA.com

We Buy Houses - Moncks Corner SC: What do you think your house is worth today on the real estate market? That’s a question that has a very interesting answer. In fact there may be more than one answer depending on who you ask. Homeowners tend to think of their homes as much more valuable than they really are. For example, if you paid $100k for your house ten years ago, you’d think it had appreciated over the years. And then there’s that nice room addition you put on the kitchen so the sun would be there in the morning for breakfast. That should be worth something.

What is Your House Worth TodayThe fact of the matter is that homes are not necessarily worth even what they were ten years ago. They may have appreciated somewhat in value, but over the last few years have taken a definite downturn. Instead of your house being worth more now than when you bought it, it may well be worth less. Many people are finding that they now owe more on their mortgage than what their home is valued at on the open market today.

This is where the disparity in price comes in. You bought the house for $100k and did some improvement. In your eyes, the house is worth at least $120k. In the real world of real estate, though, if you were to sell your house today you might be able to get somewhere around $90k for it. This is just theoretical, of course, and designed to illustrate a point. Homeowners tend to value their property higher than what they can truly get for it when they calculate their asking price.

Listing your house at a price that’s too high for buyers to bite at will delay the sale of your house and will cause you to have to lower the price once you realize that it is too high. The trouble with that is the perception of buyers when you lower your price. They think someone must have found something wrong with it and backed out, so you lowered the price to attract more buyers even with the flaw. While that’s not a true accounting of why you’d have to lower your overinflated price if you ask too much to begin with, it is a realistic look into the minds of today’s buyers. The best way to price your house is just below current market value and stay with that price until it’s sold.

What is Your House Worth TodaySCHomeBuyers.net is a Real Estate Investor that buys houses in the Charleston SC area. Summerville, Goose Creek, Mount Pleasant, West Ashley, and James Island. If you have a home that you need to sell, contact us to see how we can buy your houses in 7 days or less and close when you want!

We buy houses in all areas of Charleston South Carolina and Goose Creek and all surrounding areas!

Call us direct at: (843) 883-3319 to Sell Your House Fast in South Carolina!

Not in Charleston South Carolina and Have a House to Sell?

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Rainmaker
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Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

One of the difficulties in our market is that sellers don't need to sell, so they keep their houses on the market at inflated prices hoping that they will be able to sell close to what they want. I hear all the time "I don't need to sell and I'm not giving it away".

Sep 25, 2011 10:19 AM #1
Rainmaker
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House Selling Tips
DIR-USA.com - Winter Haven, FL

Yes, I can agree with that.... but we also get HUNDREDS of leads a day from home owners who have to sell fast and investors can be very good at moving properties that DON'T sell or WON'T or AREN'T selling.

There a many situations where people need to sell a house fast where a Real Estate Agent won't even waste their time. It is a WIN-WIN for both.

Unfortunatley. there are people who want to think that is taking advantagte of people without knowing the full situation. They should ask the people that were in these situations and used an Investor to help. They are quite gratefull.

Thanks for the comment :)

 

Sep 25, 2011 10:23 AM #2
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