While most people think that the location of a home is what sells, that is not always true. While location is a large factor when it comes to making a decision to buy a home, price is much more important. In fact, price trumps every other factor when it comes to selling a house. The location simply affects the price of the home, it does not sell it.
It does not matter if your luxury home is right on the ocean, or has beautiful panoramic views and is situated on a mountain top, the house will not sell if it is not priced right. Having a good location will allow the home to sell at a fair price. A home in a bad location will also help to set the fair price of the home, it just will not be as high as if the home was is a good location. Same goes for the condition of the home. A home in good condition will sell for a fair price, while a home in bad condition will sell for less, but also a fair price.
Do not fall into the trap of waiting for the special buyer who is looking for all your home has to offer, such as shag carpet or outdated bathrooms. Listing your home at the wrong price will cause it to sit on the market, which could end up costing you money. It is important to know what your home is worth in order for it to sell as fast as possible. Working with an experienced real estate agent who knows about the local market can help your home sell quickly.
If you are considering selling your home in the Los Angeles, San Fernando Valley, or Conejo Valley areas, contact me, Betsy Dittman. As a real estate professional I can help make sure that your home is priced properly. Let me show you how to make the most out of the 2014 real estate market.