Real Estate Formula | Blog

Monday, December 14, 2020   /   by Ernie Arrizza

The Market Speaks

Who determines the final sale of a property when you sell it? 
 
There are many factors that go into getting offers when you list your house. If you read my article last week, Real Estate Formula you will realize that having everything in that formula is key to maximizing your potential, even in a blazing hot market. 
 
It doesn't take a brain surgeon to understand that there needs to be people interested in the property at one particular time at that particular place and willing to pay that particular amount. It's supply and demand. We all know that because that's how we get a bidding war. 
 
Sometimes agents and owners try to artificially create this by under pricing properties, and in some cases pretending illegally there is a buyer. It happens, It happens. 
 
In the end, it whether or not a buyer is willing to pay the price and whether or not in most cases the bank will finance this venture. A bank will only finance a hous ...

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  buyer agent, buying home, investment property, new building, new construction, real estate investment, buyer, home, real estate, sell investment, additional costs, real estate agent, realtor, interest rates, real estate formula, list your house, listing agent, sell a house, selling price

Monday, December 14, 2020   /   by Ernie Arrizza

Real Estate Formula

Some people think that you just take a few pictures and put a property on mls and slap a price and a sign on the lawn. That might have worked in the 80's and 90's, but things are a little different now. Here is the formula to giving your home the best opportunity to get the most money even in a crazy sellers market. 

1. Staging: Whether you hire a professional stager, or use your own furniture, staging is a big compliment to any house. Painting is included here. 

2. Clean: Make sure the house has no clutter, and is clean. If your house smells like crap it doesn't matter you will be losing money. 

3. Is it available to show: If your house is great but you can't show it for one reason or another, those agents and buyers will walk away. 

4. Marketing: This has dramatically changed in the last ten years. 360 video, high def pictures, and how you present your house is a key component of selling your house. Especially online these days. This is the first impre; ...

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  buying home, real estate investment, sell investment, commercial real estate, real estate, real estate formula