The financial analysis is important in selling a home.

Let us help you learn about weighing Costs vs Benefits in pricing a home

For Further Information Call:

Dick-(870) 421-0699

Arlene-(870) 321-0810

Email: Dick

Email: Arlene

What is a Financial Analysis?

Also, Check Out These Other Links:

What is Market Price? What if I choose to sale my own house?

How do I get my house ready to sell? What is a Buyer Type analysis?

What is a Timing Analysis? Why do people use REALTORS®?

What does CENTURY 21 LeMac Realty East

offer to make a difference?

So you think the only thing that is important is how much you house sells for? Are the dollars the only important thing to determine the price of my home.

Are the dollars the only important thing to determine the price of my home.

Thinking that the dollars you receive is the only thing that is important may be one of the biggest and most costly mistakes you can make. The better way of thinking is how many dollars do I have in my pocket after ALL the COSTS are taken into consideration. These costs may not be so obvious.

Before you determine what to do about selling your home, you need to consider potential losses. In the chart below, consider the costs that you may incur if you have to wait longer than expected to sell your home. You need to subtract these costs from the price you eventually will get from a sale. Keep in mind that the sale will only occur when you find a ready, willing , and able buyer for an agreed upon price.

The following information is taken from marketing expert, Floyd Wickman.

Make yourself a chart like this:

FINANCIAL ANALYSIS IF PROLONGED SELLING PERIOD OCCURS	POSSIBLE LOSSES
If you need to get a loan, is there a possible rate increase?
If new home goes up in price, how much extra will I spend for loan?
If housing in my area decreases, how much may I lose?
If I have to wait longer than expected, what extra will I spend on utilities, taxes, insurance, or other normal expenses that I may not otherwise would have when I have moved to a new location?
If I have to vacate my present home before it is sold, what loss will occur in maintaining the vacant home?
Will I have double house payments? How much does this cost?
If I need a loan, will discount points go up or loans be harder to get, and will I have to put more down? What will this cost?
Are there any costs that may occur in losing a tax advantage?
Cost of items that may be lost in the shuffle of selling?
Cost of maintenance and repair of items that unexpectedly fail, like need for a new furnace, a new water heater, damage from a storm, etc.?
Perhaps you see other possible losses not mentioned. Include these.
Total POTENTIAL loss:

In most cases, waiting to sell until markets get better or you are in a better financial position, result in potential loss. You need to talk with a professional to help you determine if you stand to lose more than you gain. You need to evaluate the possible losses and subtract that from what you will get from your home to determine if the price should be adjusted or you need a better marketing plan or what you need to do to come out with the maximum dollars in our pocket. Some times these necessary adjustments result in more dollars in the long run. If you have any questions about any of the things mentioned, give us a call. We will be glad to help you make as good of decision as possible with no obligation on your part.

Check us out to see if you can benefit from listing with us. See how we plan to put more dollars in your pocket with our unique marketing.

What does CENTURY 21 LeMac Realty East offer to make a difference?

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