What is the best strategy for real estate?
Sean Tarpenning
There are 5 basic strategies shared by Sean Tarpenning for pricing, your home, for - sale. With, that in mind, this text will try and, briefly, consider, examine, review, and discuss, what these are, and, why, it matters.
1. High - end of the range: Especially, in these times, where, we see, a mix of limited, available inventory, near - recordlow mortgage interest rates, and sellers - market, many owners, seem, to prefer, pricing their houses, at the upper end, of the range!
2. Middle, of the range: In most cases, the best approach, is, to cost a house, within the middle of the range, suggested, by preparing, a professionally, designed/ created, Competitive market research (usually, brought up, as a CMA). This, usually, creates, a powerful - demand, by, qualified, potential buyers!
3. Lower third of range: There could also be, several reasons, for this approach, to the listing price! Usually, it creates, a major demand, from qualified buyers, and, helping, to sell the house, for the simplest - price, within the shortest - period, with a minimum of hassle!
4. Pricing above the high point: During certain, assets markets, like the one, we've got witnessed, for several months, currently, we often, witness, listing prices, set, above the upper-end, of the indicated range!
5. Below lowest point: Setting an initial, listing price, below, market - levels, could also be indicated, under certain circumstances/ conditions.
Sean Tarpenning is a real estate investment professional. He has extensively worked on structuring real estate investment products, managing real estate appraisals.
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