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How's the Market Blog

Tuesday, December 15, 2015   /   by Michael Axelrad, GRI

Should You “High Ball” Your Listing Price?

Should You “High Ball” Your Listing Price?
One of the most important decisions you make when selling your home is
setting the listing price. That can be tricky. After all, if you price your
property too low, you leave money on the table perhaps thousands of dollars.
On the other hand, if you price your home too high, many buyers won’t even
bother to see it, believing it is too expensive.

Even with that reality, there are some sellers who contemplate setting a high
listing price in the hopes of a windfall. They want some unsuspecting buyer
to fall in love with the home and buy it even though it’s overpriced.
That rarely, if ever, happens.

Instead, the listing often languishes on the market because its listing price is
conspicuously much higher than its market value. Think about it. If two similar homes,
side by side, are for sale, and one is priced $40,000 higher than the other,
wouldn’t you wonder what was going on? That’s exactl5 ...

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Saturday, November 21, 2015   /   by Michael Axelrad, GRI

10 steps to Buying a #home http://ow.ly/UV0kn #realestate

1. Start with your credit.
2. Set your budget.
3. Line up cash.
4. Find an agent
5. Search for a home.
6. Make an offer.
7. Enter contract.
make sure the deal is contingent upon:
a.your obtaining a mortgage
b.home inspection that shows no significant defects
c.a guarantee that you may conduct a walk-through inspection 24 hours before closing.
d.You also need to make a good-faith deposit.
8. Secure a loan.
9. Get an inspection.
10. Close the deal.

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The Rakower Axelrad Team Douglas Elliman Real Estate
Michael And Lucille Axelrad The Rakower Axelrad Team
134 Jessup Avenue
Quogue, NY 11959
917-853-7005
516-902-0220

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