Selling Your Home? Price It Right The First Time (NAPSA)—Theold rule of pric- ing your home high because you can always come down doesn’t apply in this declining market. Studies show that you'll get more for your homeif it is priced right the first time. The trick is to be realistic about the current market value of your home. According to a recent Associated Press report, there is such a glut of available homes on the mar- ket right now that it would take 9.6 months to sell the current sup- ply of homes. Waiting several months to sell a home could leave many recession-plagued sellers in ep FLEXIBILITY To REVALUE The dooris still open to sell your home quickly and easily once you are Sure you'vepricedit right to sell. financial distress. For example, a home with a in the sale. In addition, having approximately $15,600 in mort- tial buyer that itemizes what has been repaired and whatstill needs $250,000 mortgage at an interest rate of 6.5 percent would accrue gage payments over a 9.6-month period. This could be a real financial burden for many. work done before a houseis listed leaves a seller with a maintenance checklist to pass on to the poten- current real estate market? Dan Steward, president of Pillar To to be repaired. Houses that look good, are well maintained and tastefully decorated sell quicker. Put yourself in the buyer’s shoes. With so vices, offers these three tips: e Have a home inspection done serious buyer doesn’t have to settle for a fixer-upper to get a great price. Ask your real estate agent So what are the rules in this Post, North America’s leading provider of home inspection ser- before listing the house. This lets sellers identify any problems, and the seller can decide whether to many houses to choose from, a for advice on what cosmetic improvements to make. e Always be ready to adjust fix them. These early inspections makeit easier to sell your homeat your price. If your home isn’t every repair a homebuyerfinds, when you should think about the highest valuation. Usually, for he or she will typically ask for double or triple that in a price reduction. For example, paying $5,000 for a roof repair is a lot more enticing than losing $15,000 attracting buyers in the first month that it is listed, that’s adjusting your asking price. To learn what a pre-listing inspection includes or to find a home inspector in your area, visit www.pillartopost.com.
