So You Want to Sell?
If you’ve owned real estate n Fredericksburg, TX for some time and are considering selling, you’ll probably do well. If you have purchased recently and are considering selling, you may want to wait a bit.
In addition to the old adage about location, location, location, real estate is about numbers. If you bought a property 10 years ago for $1 and the recent run-up in prices has you thinking it’s now worth $15, are you “losing money” if you sell it for $12? Would you rather sell it quickly for $12 or hold out for $15? Can you even sell it for $15 if everyone else with a similar property is trying to sell for $15?
Sure, you have to consider the cost of the sale (typically between 6%-8% of the selling price) when calculating your return and there’s always that pesky tax thingy to deal with. The question remains, however, do you want to sell or not? If so (and “price” is always the biggest issue with your buyers) doesn’t it make sense to become more “aggressive”.
You can always find an agent to list your property for whatever figure you give them (there are, frankly, way too many of us) but will it sell? Who then do you blame? (Hint: the inevitable, though incorrect, answer is your Realtor).
Please listen to your chosen market expert when pricing your property for sale. I promise you, the buyer’s agent on the other side has a very different opinion of what you’re property is worth! Who do you think they’re listening to? Remember Experience Matters
