A home can become one of the best investments an individual makes in their lifetime. Part of the reason why homes are a great investment is the fact that they have historically appreciated in value over time. Knowing that homes have historically appreciated in value does not mean that there is not a variety of home appreciation or even a chance a home will depreciate in value from the time the home is bought, but usually a home can be resold at a future date with a good increase or profit from equity. Even if home prices rise dramatically in the course of a home owning lifetime, or no matter how hot a market is, picking the right price is always important.

Usually when a home owner sells a home, they are doing so out of necessity or real desire to move. This means that the home sellers are usually on a time frame. The right pricing varies during different time frames. Because pricing a home is so hard, a different mixture of timing, science, creativity and simply luck go into the homes selling price. In other words, in the world of home prices, no simple equation works out the same like in math where one plus one is always two.

One reason why pricing is so different is because selling a home does involve, like most transactions in life, two parties; the buyer and the seller. The home usually carries more value to the seller than the buyer given the life and memories spent in the home being spent and the fact that the seller is the one receiving the money for the transaction. Usually the price a seller originally offers is not accepted and the potential buyer will offer a new price sometimes too low for even consideration. Eventually a compromise will be reached somewhere in between.

With that said, there are several reasons why home prices vary from house to house. The homes location is huge in the determinate of the price. The same beautiful three story five bedroom high quality home will cost much more in a neighborhood with a beach front property or golf course than in the middle of the desert with no trees, neighbors etc.

The local job market is a great indicator to pay attention to. Hopefully for the sake of the seller the neighborhood or the local economy is experiencing growth in the job market. When jobs are on the rise usually home prices are on the rise. If job prices are on the way out, hopefully a seller will be one of the first to sale before the main housing market dramatically decreases.

A seller should always project an image of all the time in the world. If a seller is in an extreme hurry to sell their home for lets say a need to get into another state for a job, the seller should never, ever, let the buyer become privy to the information. A buyer will be more than willing to offer a lower price in exchange for a quicker closing date or quicker sell on the home. A seller should try and speed things along without giving a feeling of being rushed.

In all aspects of selling a home, a realtor could be a great assistant. They have the experience, and knowledge to set the right price and find the right buyers. Hiring a

Author Bio: Juhlin Youlien writes about Paradise Valley AZ homes and other real estate like Tempe AZ homes for sale.

Category: Real Estate
Keywords: homes for sale, real estate, buying a home, selling a home, loan, mortgage, foreclosurehomes for sal