Friday, April 06, 2007

Wholesale or Retail?

So…you're planning to sell your home. Will you be selling at wholesale or retail price? Yes, you heard right. There is such a thing as wholesale and retail in real estate.

But how will you be selling? Of course, there's no structured wholesale and retail price list, as such, but there is quite a variance between the two.

Most home sellers want to receive full "retail" price for their homes. That, of course, carries with it some responsibilities. Here's an explanation of what is required of a home in order to command a top price (retail.)

First, it must be priced at NO higher than the full fair market value. Second, the terms offered must be attractive to potential purchasers. Depend on your real estate agent for advice as to what terms you should offer. More liberal terms will attract more full-price offers.

Third be certain that your home shows like a model home. Do all repairs and fix-up before your home is shown for the first time. Everything about your home should say, "Welcome – Stay forever!"

Lastly, how will your home be marketed to prospective buyers? Your experienced real estate agent will be able to answer this important question, too. The right answer could be your assurance of receiving a top price for your home.

1 comment:

  1. Anonymous12:50 PM

    I have found over the course of time that the terms are more important than the price.

    ... Scott

    ReplyDelete