We noted what we originally paid, added home appreciation and improvement costs, and determined that our home should sell for $749,000.
It was late and as I went to sleep, the thought of what our home would sell for was very comforting!
Rattling by the window awakened me. The elf said: “I’m your local real estate agent. I want to sell your home. How much do you want? “$749,000,” I said. “You’re right on the money! Sign this listing agreement.”
When I told him I have to run it by my wife, he said he would call me and disappeared.
I went back to sleep but was awakened again by a second elf. “I want to sell your home. What’s your price?”
She replied, “With your waterfront location you could get $100,000 more. Wake up your wife and we’ll sign this listing agreement.”
I told her, “No way, call me tomorrow.” She said okay and then she was gone.
I fell asleep again. The music was soft and sweet. When I opened my eyes, two elves (he and she) were looking at me. “We would like to share some information about your home’s market value,” they said.
I asked them if they wanted to know what we thought our home would sell for. “Oh no,” they said. “Better to compare our information with the price you had in mind.”
With a wave of their hands, a Comparative Market Analysis appeared before my eyes. It compared similar homes for sale and homes that sold suggesting that our home would sell somewhere between $735K and $765K.
With another wave of the hand, the three of us visited these homes (which were priced between $700K and $800K). They were all very nice and confirmed our $749K home value.
The elves explained that we were in a seller’s market, and since there were no homes like ours for sale in Rose Hill, that we should strategically list price our home at $799K.
We agreed to meet tomorrow so my wife and I could list our home. As the elves departed, they wished a Happy and Healthy Holiday to all!
Larry Stoller is a broker and Realtor with Real Estate Five of the Lowcountry. Larry@RealEstateFive.com, RealEstateFive.com, SunCityOpenHouses247.com