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6 Signs That Your Home Is Priced Too High

six signs that your home is priced too high

6 Signs That Your Home Is Priced Too High

The price of a home that is up for sale is one of the critical aspects of getting a home sold. Price a home too high and the right buyers will not even give a home a second look.  Instead the home will sit on the market without much interest and the longer it sits the more of a negative association will come with that home. Not that there may be anything wrong with the home but the longer it sits on the market then homebuyers automatically assume that something is wrong.  As a result it pays to make sure a home is priced right from the start and/or the homeowner is ready to adjust the price if the signs show the price to be too high.  This article explores some of the signs that may show that a home is priced too high.

Home Price Based On What You Paid And Upgrades Made

Just because you paid a certain amount for a home in the past does not mean it is currently worth that much.  Homes need continual upkeep and upgrading in order to retain their value.  As a homeowner lives in a home things wear out over time.  Furnaces lose efficiency, garage doors and their openers breakdown, carpets wear down, paint gets old.  If  no repairs or upgrades were made or no other updates of the home were done in any way since buying it the value may not be the same as the day it was purchased.  Certainly if the real estate market was on an uptrend from when the home was originally bought and then today it is put on the market to sell there could be some increase in value but not if the condition has not been...

Tips For Buying A Fix And Flip House For Investment Purposes

Tips For Buying A Fix And Flip House For Investment Purposes

Tips For Buying A Fix And Flip House For Investment Purposes

Popular these days is buying a house which is in average or poor shape and fixing it up in order to sell it for a profit.  Some buyers purchase these homes and repair and remodel the homes themselves whereas others are using local contractors to do the work.  After the purchase price and repair costs have been accounted for the investor is hoping the home will be worth more so that once sold they can pocket some profit.  Obviously there is a lot more to buying a home with the intent of fixing and flipping it for profit as this article explores.

How Do Investors Find Their Homes To Rehab?

Many investors will work with local real estate agents to get access to the multiple listing service (MLS) and have the agent setup a search so that once any property comes to market that meets their criteria they are notified about it via email or text. Oftentimes properties on the MLS (for instance see properties listed on the Greater Cincinnati MLS here) are being pursued by many different investors and the price can be bid up due to competition so some investors shy away from MLS properties.  Another alternative that buyer investors pursue is off market deals which are either found directly from the sellers themselves or through Wholesalers whose entire purpose is to find off market property that someone is looking to sell and may not always be in the best of condition. These Wholesalers will then buy the property themselves for a low price and then resell to an investor buyer looking to fix and flip the property.  Some other Wholesalers...

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