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are developers worried about the housing levy?

Real Estate

Will the Housing Levy affect Real Estate Developers?

Kenya Homes - April 24, 2019

Cash vs Financing

Home Improvement

Cash Vs Financing: What is better?

Kenya Homes - April 24, 2019

Home Improvement

5 tips to get the perfect closing gift for your client

Kenya Homes - April 23, 2019

Green colour tanks

Kenya Homes

Does the colour of your plastic tank matter?

Kenya Homes - April 23, 2019

Open Plan

Home Improvement

4 ways to reach millennials in the Real Estate market

Kenya Homes - April 23, 2019

House under construction

Kenya Homes

A Construction Guide before Building

Kenya Homes - April 23, 2019

Home Improvement

Tips for selling your house over the Easter holiday.

Kenya Homes - April 18, 2019

checking plumbing problmes

Buy

Plumbing Problems to consider before buying a home

Kenya Homes - April 18, 2019

Home Buying Advice

Home Improvement

Popular roof designs in Kenya today.

Kenya Homes - April 18, 2019

Buying Older homes

Kenya Homes

Buying Older Homes: Things to look out for

Kenya Homes - April 18, 2019

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Rights as a Tenant

Real Estate Investing in the Age of Bitcoin (and other Cryptocurrencies)

April 2, 2019

Tips on How to Spice Up your Balcony

May 8, 2019

what are sacco loans

Do SACCOs offer Home Loans?

July 22, 2019

Millennials: True Reasons they aren’t buying homes

April 8, 2019

HOT NEWS

Top Tips of Buying a Home Off Plan

Home Improvement

Buying a Home? Compromise

What's the Difference between a real estate Developer and a real estate Investor

Real Estate

Difference between a real estate Developer and a real estate Investor

If you're putting your home on the market, especially if you live in an area where prices are going up and buyers are competing for homes, you may be tempted to try listing it at a high price. Don't do it. Experienced real estate agents will tell you that pricing your home appropriately from the beginning is critical to getting it sold quickly and at the best price. Research shows that overpricing your home and then dropping the price several times while it languishes on the market usually leads to selling it at a much lower price than what you originally should have asked for it. The longer a home stays on the market, the deeper the discount is likely to be off the original price. Related Articles What Is a Listing Agent? Why a Home Sale Hinges on Agent's Expertise How Much Does It Cost to Sell a House? Here's a Reality Check How Much Is Your Home Worth? For example, according to McEnearney Associates, a McLean, VA, real estate company, homes that sold in August 2013 within their first week on the market sold for an average of 2.08 percent above list price. Homes that lingered on the market for four months sold for an average of 11.53 percent below their original price. How to price your home correctly Many homeowners want to set their list price based on what they paid for their home, the balance of their mortgage, or on the profit they want to make so they can move into another home. In reality, your home is worth only what the market will bear. If you price your home too high, some potential buyers won't want to look at it at all, while others will simply walk away without making an offer. If you're interviewing several real estate agents to choose a listing agent, you may be tempted to pick the sales professional who suggests the highest price for your property. But sellers, like buyers, need to beware. The real estate agent who provides the best comparative market analysis and explanation of how your home should be priced will be more likely to sell your home quicker and for a higher price than someone who tells you only what you want to hear. A comparative market analysis should include sales prices for similar nearby homes that sold in the last month or two. In addition, many real estate agents include prices for homes currently on the market that will be your competition, as well as homes taken off the market because they didn't sell. Other data real estate agents can use to suggest a price range include how many days homes were on the market at various price points and the average difference between the list prices and sale prices on homes that have sold. Your real estate agent can help you estimate who might want to buy your house and what else those buyers are looking at so you can measure your price against the competition. A knowledgeable real estate agent can factor in all of these issues in the context of your local market conditions, including whether home prices are rising or falling and whether it's a buyer's or seller's market. Choose the right professional to help you with your home sale and then listen to your real estate agent's advice and your transaction is more likely to go through quickly and smoothly from the beginning.

Financing

Your First Home Asking Price Is Crucial

Kenyans opting out of cities

Real Estate

Why Kenyans are opting to buy homes outside Cities