Hurry up and give me a price to list or build my home, I’m ready to do it now! I can’t tell you how many times a REALTOR® or Builder hears this when talking to a potential client. The flip side, if you give a price at the spur of the moment and it is wrong, who is to blame? Let’s look at some of the things to consider when working with a REALTOR® or builder on pricing.
Normally, a REALTOR® has an idea on the going prices of homes in a neighborhood, but it’s best if they do a bit of homework so they can give you a more accurate recommended price. Just doing a drive by of a home does not give the REALTOR® enough information to price your home for selling. For instance, you might have an older home in which you have just totally renovated, including new A/C and roof which are high ticket items. You might have a workshop out back that adds value. Walk and talk the property with the REALTOR® so they can get all the information on your property. The REALTOR® will also look at the currently listed and sold homes in the area to compare suggested listing price too. Being thorough up front can save a lot of time, heart ache, and hopefully help you sell your home appropriately for the current market.
When working with a builder, there are a few more components to add in. Sure you can ask what their estimated square foot price to build is, but this is only a baseline to go by. If you start adding a lot of extra items, site work, designs, upgrades, and more, this definitely changes the baseline price. If you want a quick price, not allowing the builder to do their homework, there are no guarantees and you could get dinged with additional charges throughout the construction process. One of the major things in the hill country is the various land elevations. Land elevations play a big part in the foundation cost. You might not think you have much slope until the builder shoots the land grade. There are many other factors to putting together a good solid price on building a home. This is a major cost for you, so don’t expect an on the spot quote.
Communication is the foundation of Real Estate and Construction. You are coming to these professional people for their expertise. Allow them to do some homework to give you a sound number that you all can be happy with. You will be amazed at how smooth it might go with getting a listing up and going, or starting the design and build of your dream home. Happy Selling or Building!
For ALL Your Real Estate and Building needs or questions, call Debbie at (830) 833-4249 / (713) 818-6658 or debbie@vallonerealestate.net
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