Pricing a home in this market

Buyers in today's market have a lot of options to choose from. So how does a seller make sure that their home will create interest from a buyer. Step one is to price the home at "the market" and not above. If your home is priced above the market and there are 7 other homes that are similar to yours and priced lower; what homes will the buyer look at first??? Yup, the lowest priced home with the most features. Odds are after looking at the first 7 home, the buyer may not even look at the higher priced homes. Buyers are always looking for the home with the most benefits and features at the best price.

Michael Jordan, Joe Montana, Wayne Gretzky all studied their competition before they played, in order to have the best chance of winning. We have to do the same and take a very close look at our competition (active homes on market) and strategize the most effective way to win and get the home SOLD!!

My 17 step marketing plan allows me to find the highest paying retail buyer in the market place and get results!! I study market conditions daily and make sure that we stay in front of the market to gain the edge.

If you have thought about selling your home but don't know if now is the right time. Please give me a call for a FREE market analysis of your home.


Ryan
763.219.1964 metro
320.420.7857 mobile
www.RyanBoyer.com

Step One in Selling

If you have thought about selling the first step is to have a Market Analysis done on your home. A market analysis will look at all of the active, pending and sold homes in the area that have similar characteristics to your home. A truthful and accurate market price will help you and your family decide if selling now and reinvesting is a logical decision.

Please give me a call/email for a FREE market analysis.

Ryan
USA 4% Realty
763-420-7857
320-420-7857
http://www.ryanboyer.com/

Short Sale

Are you behind on payments? Is your home's market value below what you owe? Do you feel that you will not be able to come current with your mortgage?

If you answered yes to these questions, a "short sale" is your option. Please give me a call today to have a "Short Sale" evaluation.

Ryan Boyer
USA 4% Realty
www.ryanboyer.com
www.usa4realty.com
763-219-1964 metro
320-420-7857 northern

Fed Cuts Rates, Boost Confidence!!!

Today's move by the Fed to drop rates, is a move in the right direction!!!! This will allow for the credit markets to become more liquid, and will ease mortgage rates further down. The next step is to limit the amount of foreclosures/short sales hitting the market every day. Once foreclosure/short sales are limited the real estate market can begin to stabilize.

Chasing the Market

Pricing a property correctly is so critical in today's market. A home priced above "Market Value," will isolate the home from the market and will end up loosing more money for the home owner. The term "Chasing the Market," is exactly what homes that are incorrectly priced end up doing. Chasing the market is pricing the home above market value, and slowly doing price reductions. This method of pricing a home is not financial responsible because by the time the price is lowered though using price reductions the market price has gone down and will cause a sale at a dramatically lower price than if the home was correctly priced from the beginning.

Real Estate Market Direction

The Real Estate Market is like an ocean constantly over time going up and down. Throughout history the size and magnitude of the waves have varied, and has either made people money or has lost people money. So how do we put aside our "hopes" that the market will magically be better by next year and look at reality? We need to look at the Macro Economy to gauge where is the real estate market going.

This Tuesday the Fed will meet again to decide to lower the interest rates again. Most people believed that interest rates where at the lowest point and may be slowly increased. So what has caused the Fed to consider lowering interest rates again? The lack of liquidity/capital that banks have due to the MASSIVE Foreclosure write downs that banks have incurred. Banks such as Lehman Brothers, AIG, and Washington Mutual are on the verge of collapsing just like Bear Stearn's did (SCARY!!!!!) The stock market and real estate market need a life line to save them from collapsing further.

So what does that mean for a home owner that needs to sell their home. I believe that we will continue in a down trending real estate market until the end 2009. I believe that we will not see appreciation on homes until the massive amount of inventory is lowed and the availability to funds (mortgages) is easier to attain. The best "game plan" in this market is to first qualify your true motivations behind the move. Second, become realistic on the true value of your home and price it to sell vs. sit on the market. Third, the next home you purchase make sure that it is in a great location, is in great condition, and you plan on living there for 5 plus years. Often, you will be able to recoup if not profit more that what you lost if you take your time and study the market and buy your next house correctly.

It is my GOAL to help each of my clients understand the Real Estate Market, their local market conditions, and the best financially responsible decision the sell or buy real estate.

Ryan Boyer
http://www.ryanboyer.com/
Usa 4% Realty

Opening Up the Real Estate Market Ryan Boyer Usa 4% Realty

How important is pricing a home??? IMPORTANT, IMPORTANT, IMPORTANT!!!!!! In today's real estate market buyers are extremely well researched and knowledgeable in the pricing of homes. The Internet has allowed buyers to extensively research home for sale from their home computers. With the vast amount of information out there, buyers know exactly what a home is worth before they write an offer.

That is why pricing a home is so important. A correctly priced home will receive the greatest amount of exposure in the market place. I would rather receive 10 offers on a home and give us the power to negotiate; then to not receive a single offer.

The first step is a Competitive Market Report on your home. I look at comparable properties, market conditions, neighbor hood conditions, market trends, and the benefits and features of the home to come to a price that will cause your home to sell.

Give me a call anytime so that I can help you sell or buy a home. It is my Goal to help you sell at the top and buy at the bottom.

Ryan Boyer

Usa 4% Realty

http://www.mntoprealtor.com/

http://www.ryanboyer.com/

http://www.topstcloudrealtor.com/