How would you place the value on your home? More critically, how would you put a price on your home? Sounds like the same question, but it suggests the difference between price and value that's important to understand as you prepare to sell your home.

Two homes may have identical features and prices, but factors like location and condition can impact the homes precieved value. To arrive at an attractive asking price, you must compare your home's value against its competition, which is easily done through reality websites , advertisements and the assistance of a real estate agent at Hudson Harbor Realty Corp.

Your goal is to set the price right away. Your best window for a full price offer will come within the first three weeks, so if you don't see any activity in that timeframe, take action. In changing markets, pricing a home becomes an ongoing activity. You need to consider real estate dynamics- new listings, recent transactions, expired listings, shifts in inventory and so on.

Your best source of information and guidence is your Hudson Harbor real estate agent, whose vocation it is to monitor all those conditions and bring buyers and sellers to the table for a satisfying transaction. Meet with your agent to discuss your motivation and timetable, compare your home's value against the competition, and analyze current trends in this market. The realtionship between price and value will become crystal clear.

Wishing You Success,

Joseph F. D'Amato Broker 

Back To Basics !

BY Joseph F. D'Amato Broker, E-Pro

Hudson Harbor Realty Corp.

Okay,its time to return to Real Estate 101. With so much gloom and doom reported, our successful sale stories are being pushed aside by national reports of overstocked inventories and reluctant buyers. Blaming slow sales on "the market" is just an excuse. There is only one reason that homes remain unsold : they are overpriced.

For many sellers, this lesson is only learned after its too late, resulting in frustration and finger pointing. Let's try to put the record straight. Many markets experienced extremely high levels of of activity over the last few years. Inventories adjust as the number of eger and willing buyers drops off. Simply put, buyers are becoming more choosier.

Sellers must look around them and take note of homes currently for sale, homes that have recently sold, and homes that have languished or expired. In other words, look at those prices and learn from the experiences of those who have gone before you.

A primary rule of Real Estate 101 is that a home's value is determined by the buyer, not the seller. That means today's buyer not yesterday's and not tommorow's.

Buyers are in fact plentiful, but they're just as tuned in to the media's scare tatics as sellers are. If you want to sell your to "today's" buyer, consult with a professional and price your home competitively against your rivals.

HUDSON Harbor Realty Corp. is a full service real estate company with offices in Jersey City, members of The Liberty Board of Realtors, The Hudson County Mls, and The Garden State Mls. You Can contact any of the real estate professionals @ Hudson Harbor Realty Corp at their office 201-963-3100