Reducing the Price of your Home Not Working?
Still No Sale?
Get a Pencil & Do The Math
(As Easy As 1, 2, 3! )
- $_________________ How Much You Feel your Home is Really Worth
(- Subtracted by)
$_________________ Current Listed Sales Price
- [$_____________ Total Difference]
- $_________________ Monthly Mortgage Payment
(X Multiplied by)
_________________ Estimated Number of Months Until Sold
- [ = __________ Total Carrying Cost]
- A*. $________Total Difference + B*.$________Total Carrying Cost * Use Calculated totals from Step 1 & 2 *
[= C. _________________ ]This Total (C. ) represents your Perceived Loss if you sale your home in what some experts identify as the most challenging Period of Deflation.
Now Consider This…
We will perform a Free Rental Analysis to help you determine your rental pricing, but for now lets hypothesize a loss after expenses & rental income in the amount of $150…
Mortgage Payment - $150 (Assumed Monthly Loss.) X 12 (Months)= D. $1,800. Annual loss with assumed expenses & Rental Income Shortage.
D. Represents your annual cost to continuing owning your property, all of which is tax deductible! Now remember C. from above…
C.___________ ÷ D. 1800 =E.
E.-Represents the # of years renting it would take for you fully realized the non-tax
deductible loss you will take if sale today.
The market will have it's high's and lows and
YOU can CHOOSE when to enter the market;
thereby mitigating & perhaps avoiding any potential
loss altogether…
Price Not Reduced! |