Published at Friday, February 01st, 2019 - 12:33:29 PM. House. By .
How To Price A House When Selling A House By Owner :If youre thinking about selling a house by owner, otherwise known as for sale by owner (or FSBO), one of the primary factors that will determine your success is how to price a house. Setting your price too low, will get your house sold quickly but will transfer wealth (in the form of equity) from you, the seller, to your buyer. Set your price too high and you will have too few prospects looking at your home and even fewer offers. Set the price way too high, and many buyers may feel that as the owner, youre set on your price and will be difficult to work with. As a result, they may decide its just better to not even bother with your house. So, if your goal as a seller is to capture as much equity as possible by getting as high a price as possible for your home, then you need to understand the factors that buyers will take into account when determining what is a fair value for your home. There is a normal tendency by homeowners to overestimate the value of their house because its very hard to be impartial to the house. Lets face it, as a homeowner, weve lived in it for many years, made improvements to the house, invested our hard-earned money in it to make it better and more comfortable, and now we feel that its a great home to live in and anyone looking to buy it should see that. And because homeowners have such a stake in the outcome of the sale, its sometimes hard to accept some cold hard truths. The most difficult concept for homeowners to understand when considering how to price a house is the concept of Supply and Demand. When there is high demand for a product, and not a lot of supply, the product is scarce and so people are willing to pay MORE for the product. Because theyre willing to pay more, the product is worth more. When the demand for a product is low, and there is a large quantity of the product up for sale, the price people are willing to pay will be much lower because they can easily get their hands on the product of their desire. The same concept applies to your house. When the number of buyers looking for houses is greater than the number of houses available for sale (or the supply of houses for sale), the demand is greater than the supply and homeowners will be able to get a higher price for their house. When there are more houses for sale than there are buyers, the supply exceeds the demand, so prices will be forced lower. A good way to measure supply and demand of housing in your area is to ask a local realtor about the absorption rate for your area. The absorption rate is a measure of the local areas ability to absorb the supply of houses on the market and is calculated by dividing the number of houses on the market for six months and dividing it by the number of houses that sold during the same period. For example, if there were 1200 homes for sale over the course of a year, and 100 homes sold every month, it will take 12 months to sell all of the homes currently for sale. If the absorption rate indicates that it will take 6 months or less to sell the available supply of houses on the market, the demand is said to be greater than the supply, and it is termed a Sellers Market. Conversely, if absorption rate indicates that it will take more than 6 month to sell all of the houses on the market, then the supply of housing is greater than the demand, and a Buyers Market will be in place. A Buyers Market leads results in homeowners having to accept lower prices for their homes in order to sell them. The second most important factor that buyers consider when looking for a houses is what value they will be getting for the price of YOUR house compared to the value they would get if they bought someone elses house at a similar price. As an example, consider the following question; would you pay $75,000 for a car thats designed and built for just basic transportation - low horsepower, manual features, and a minimalistic interior? The most likely answer is probably not because you can get a luxury brand automobile for that same price, giving you better styling, more horsepower, more room, a more comfortable leather interior, better stereo, and just about better everything (with the possible exception of miles per gallon of gasoline). Similarly, when thinking about how to price a house, you also need to consider the other houses that your house is competing with. These competing properties are called comparable properties, or in realtor terms, Comps. There are two types of Comps - Active Comps, and Sold Comps. Active Comps are other houses that are similar to yours in terms of bedrooms, bathrooms, square footage, style, condition and neighborhood and are also on the market looking for buyers. Active Comps give you a very good idea of what prices other homeowners are asking for. Sold Comps, on the other hand, are other houses that are similar to yours in terms of bedrooms, bathrooms, square footage, style, condition and neighborhood that have sold within the past 3, 6 or 12 months. Its important to look at sold comps because they will tell you what buyers were actually willing to pay for a house that is similar to yours. Look at how the other active comps are being priced. Are their prices similar to the houses that sold, over-priced, or under-priced? When looking at your Active Comps to determine whether they are priced correctly, you will want to look at Days on Market, or DOM. Days on market will show you how long it took for houses listed at a certain price to sell, or how long houses currently listed for sale have been on the market and have not yet sold. A general rule is that a house should sell within 90 days of it being listed. If it takes longer than that, its generally an indication that it may be priced on the upper end of the price scale. In summary, when trying to decide how to price a house because you are selling a house by owner, you will want to have a good understanding of the local supply and demand for houses in your area. This information will tell you whether you have to price aggressively to sell your house, or if you might be getting multiple offers on your property. Next you will want to compare your house to other houses that are similar to yours and have sold recently, and similar houses that are currently listed for sale. Compare the prices of houses currently listed for sale (active comps) with the prices of those houses that actually sold (sold comps) within the past few months, and determine what buyers would be willing to pay you for your house.
10th House - Astrology - 10th House of Status : The Mid heaven or southern angle, the cusp or line of which is touched by the Sun at midday during noontime everyday at all the places on Earth, is known as the 10th House or Medium Coeli. This is why it is known as the principal or supreme angle of the heaven, according to heavenly calculations. The 10th House is an important feature as all the arcs of the directions to the angles are calculated from the Right Ascension of the Mid heavens. The astrological predictions make it the most important aspects related to the all arcs of directions. It is the most important aspect as it is related to matters like fame, name, recognition and honor. Western as well as Hindu astrologers maintain that planets are powerful when they occupy any house between 1 and 4 or 7 and 10. The four houses are called Kendra or angular houses in the horoscope and considered having great yield. The planets which occupy any of the houses said to rule power, of doing what they indicate by nature and by lordship. The Houses 2, 5, 8 and 11 are known as succeeding or panaphara houses and these planets are not powerful enough like the Kendra or angular houses, but have moderate strength. The 3rd, 6th, 9th and 12th houses have the weakest influence - known as the apoklima or cadent houses. For example, a person may lack suitable opportunities, depending on their merit or skills. The angular, succeeding and cadent houses correspond to fixed, mutable and common signs of the zodiac according to their power and influence. Effects of the 10th House The 10th House is the House of Lordship, dignity and esteem. It is known as the apex of the horoscope, as it indicates mans earthly achievements that are attained through name, fame, power, credit, success, conduct, status, rank, repute, authority and ambition. The standing of a person in his professional life and society should be determined in terms of his material responsibilities, and his contacts in the higher circles. This is what is indicated by the 10th House, the occupants of the 10th House and its constellations. Questions related to worldly actions and moral responsibilities are determined by this House. It presides over inclinations, preferences, permanence, professional growth etc. It demonstrates how one achieves affluence or superiority by occupying an exalted appointment or elective office. The principal influence on the 10th House is occupation, or business, although the 10th House is not the sole indicator of these aspects, but includes the 2nd and 6th Houses - the Material Trinity - which represent material gains. Hence, in everyday life, we often come across people who pursue ends or vocations that they do not have the aptitude or qualifications for. Others swap careers often, while there are people who carry out several activities simultaneously. In maximum cases, people choose their vocations not because of liking, but for financial profits. Hence, the 10th House represents Pravritti, representing respect for improvement. The 6th House represents service, routine, monotony and drudgery that a person is forced to continue whether he likes it or not. The 2nd House indicates the consequences of self-acquisition, which is monetary advantage through labor. Influence of the Planets on the 10th House Neptuneon your 10th House indicates occupations involving inspiration, mystery and secrecy like secret services, music, singing, art etc. One may also be connected with the marine industries. Dignified aspects of Neptuneindicate inspiration, position, honor and achievement. It may threaten danger to parents. Unfavorable positioning indicates disgrace, scandals etc. Uranusbrings about an erratic, unconventional, eccentric, but original aspect. With a well-aspected placement, Uranus harbors creativity, novel plans, originality and success. Mercury may stand for talent, but Uranus is all for genius. A lot of reformers, astrologers and scientists are born under its influence. Sudden changes in occupation are indicated. The slow and sluggish aspect of Saturn, if favorably placed, makes the person rise through industry, patience and perseverance, although there might be delays and interruptions. Saturn is generally subordinate and an affliction often leads to public discredit. The native may be talented, but lacks suitable avenues and opportunities. If the benevolence of Jupiter is well-connected to the 10th House, it definitely indicates honor and high position. As the ruler of justice and good morals, Jupiter ensures that the morality level of the person is high. The person will make money through just methods and make a good testimony for financial, social and political success. The militant nature of Mars when well-placed, allows a person energy, enterprise, force, will, courage and executive abilities. One can therefore lead any industry, or conduct a business successfully, especially with Mars placed in a mutable sign. Occupations using fire, iron or sharp tools are ideal. Affliction causes arrogance and aggression. Mutable Mercury brings in business success and entrepreneurship. This leads to mental and occult success as well. Mercury indicates plurality where one may be involved in more than a single occupation. Mercury is usually successful in its subordinate capacity and professions like engineering, export, import, international trade and post are ideal. Venusis peaceful and passive and indicates patronage from ladies in social, musical and artistic pursuits. Popularity is good humored and acquired in an affable manner, instead of by merit. Venus influences jobs which require refinement, artistic natures, and entertainment, as well as jobs where womens needs should be met for attaining success. The Sun is dignified and stands for honor, success, authority, power, distinction, prosperity, public support and patronage. It ensures success in government spheres, where credit is definite and success is steady, irrespective of what profession a person is in. the favor of superiors helps one to rise through responsibility and success. The mutable Moon rules the general public. This is why her placement in the 10th House indicates a successful public life. However, with the Moon being mutable, changes and alterations in public life are also indicated. The person might thus be popular in public life, although the popularity may not be longstanding. Indications of the 10th House The 10th House is known as the karmasthana which involves performing the last rites of the parents, attending religious rituals and yajnas, and work and make money. As a coincidence, they also lose either parent while they are flying in success. Indicating the father and the mother, the 10th House implies makarasthana or death-inflicting houses. The reference of the House is also to the employers or superior in profession and trade, the judge and the government. The native should govern the wealth inherited from the patrimony. This hereditary income stems from the ancestors. Representing Agya, the 10th House also rules commissions and orders. While the 9th House governs long journeys, the 10th House looks after pilgrimages. The 10th House rules aspects like prosperity, honor, trade, permanence, preeminence, authority, sports, sacrifice, agriculture, medicine, morality, teaching, intellect, adoption and command over the mantras. One needs to discover their position in the world through the 10th Bhava. Applications of the 10th Bhava Madhya Meshurana Jeevana - livelihood Rajaspadada - kingdom Sat - good Mana - honor Kriyam - sacrifice Vyapara - commerce, business or trade Aspada - position or rank Artha - wealth Pravrithi - inclination Karma - occupation Guna - quality Jaya - success Author of this article Biswarup Tarafder is a successful professional Astrologer having 16+ years of experience in Traditional Indian Vedic Astrology and KP Stellar System. Presently practising online for people in USA, Canada, UK and India.He is an expert in Relationship and Finance / Career astrology. Now if you are looking forward to get a detailed and authentic analysis of your horoscope based on Vedic Astrology ( KP System ) book a consultation with him by clicking on either of the following links.
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