As a North of Boston Real Estate agent, one of the things I think plagues the North of Boston Real Estate market is overpriced homes.  Now, some of you may not agree as you feelsellers should have the right to price their home to make sure they get the return on investment that they’re after.  And, while I understand that sellers oftentimes put a lot into their homes; I also know that selling a home in today’s market means pricing it correctly right from the beginning.

Let’s look at it this way.  You own a beautiful North of Boston home and for whatever reason, you need to sell.  Over the years, you’ve done some renovations and have created a home that you love.  You put it on the market for a price that will compensate you for your investment, plus a little extra because you want to make money on your home.  After a few open houses, you don’t receive any offers and, after a few weeks, it seems all interest in your home has been lost from potential buyers.  You decide after a few months to lower your price a little, but at this point your home has sat stagnant on the market and you can’t seem to interest any buyers.  What happened?

Buyers who were initially interested in your home found that, while your home is beautiful, it is overpriced.  They venture to another home in your neighborhood that is comparable to yours and has an attractive price, and they’re sold.  North of Boston buyers know that we’re currently dealing with a buyers market, so they can be picky and  will find a home that meets their needs and budget.  If they feel a home is overpriced; they’ll simply walk away.  

So, how can you avoid the same fate with your home?  If you’re serious about getting your home sold, you’ll need to look at the entire process objectively and be willing to price your home competitively.  Take a look at these four factors for pricing your North of Boston home.

1. Location- You can't get away from this one. If your house is located in a desirable North of Boston area, you will be able to get a higher price than you can for the same house in an area that is not as popular. Distance to schools, stores, restaurants and other every day stops will play a role in the desirability.

2. Condition- A North of Boston home that has been better maintained and shows better will always sell for more than one that has had deferred maintenance and needs work.  Make sure to take care of any necessary repairs or updates before placing your home on the market.

3. Desirable Amenities- If a house has amenities that are currently popular in the North of Boston Real Estate market, it will bring a higher price. Your North of Boston Real Estate agent will be able to give you a better idea of the type of amenities that the homes in your neighborhood offer.

4. Calculate the price per square foot- The average price per square foot for homes in your neighborhood shouldn't be the sole determinant of the asking price for your home, but it can be a useful starting point. 

Working with your North of Boston Real Estate agent to determine a fair selling price for your home will set the tone for the entire home selling process.  If you are ready to sell your North of Boston home; I’d love to talk with you!  I have a solid home selling record and can get your home sold in a smooth and efficient manner.  

Feel free to contact me today to get started!

Sven Andersen
North of Boston Real Estate Expert

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Searching for a new place in Winchester to call home? The Sven Andersen Team makes it easy for you to search for your new Winchester home. This FREE, NO-OBLIGATION service can help you find the home of your dreams! Simply visit http://www.northofbostonlistings.com/ and fill out the form to start your auto-email home search today! It's just that easy! The Sven Andersen Team is always willing to help and will always respect your privacy; we leave it up to you to contact US when you're ready to buy or sell in the Winchester area.

If you want to learn more about selling your home visit: www.PriceMyNorthofBostonhome.com
If you want to get our 450 ways to sell your home fast visit: www.450waystosellfast.com
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If you, friends, relatives, or colleagues are considering buying or selling a home, condo, or land, please consider contacting Sven for assistance in your search. Sven coverage area includes: Winchester, Belmont, Medford, Woburn, Lexington, Arlington, Melrose, Stoneham, and Reading.  We also offer a complimentary referral service, called "Anywhere Agents," to assist folks who are looking to buy or sell outside our coverage area, including international locations. We will interview prospective agents in the area(s) you or a family member are considering to assure you get the most knowledgeable Real Estate Professional to assist in your home buying/selling needs.