Selling Your Home

For most people, their home is their largest financial asset, and deciding to sell it is a big decision that involves a lot of preparation and work. As an experienced professional who has helped many local residents sell their homes, I know how to handle every aspect of the sales process - from strategically marketing and showcasing your home to making sure everything's signed, sealed and delivered by the closing date.

 

Real Estate:  "Product" or "Commodity"?

Most properties today are marketed as if real estate were a product. In marketing a product, the seller sets the price and a buyer either buys it or doesn’t. For consumer products, the price is a function of the cost of production plus advertising costs etc. The “product” approach breaks down when it comes to real estate, because real estate is actually a commodity. For commodities (like gold or stocks), the buyer determines the value. The difference bears repeating:

For a product (like a hamburger), the seller sets the price.

For a commodity (like gold, stocks, or houses), the buyer determines the value.

More than any other commodity, real estate is emotional. Seeing real estate as a commodity instead of a product represents a “paradigm shift” (i.e. looking at the market in a totally different way than we used to). Most importantly, this paradigm shift requires new approaches to selling a home, approaches that are aimed at impacting the buyer’s perception of value.

 

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The following articles are a great place to start if you're looking for information about the sales process and how you can get more for your home when you decide to sell.

The Basics of Marketing Your Home How to Set a List Price for Your Home
Get Your House Ready to Show Buyers Why Use a Realtor when Selling a Home