Are you unsure what selling-price you should affix to your home? Don’t worry, you’re not alone. We want to help you figure out what price is best so you can sell your home fast.
The initial asking price is very important. It can both attract and repel buyers, and it can also be seen as a starting point as well as an ending point. It’s one of the biggest decisions you need to make when selling your home, so don’t be hasty with it.
Though selling your home without the help of a real estate agent isn’t for everyone, doing so could end up saving you tens of thousands of dollars. According to a National Association of Realtors 2011 survey, only about 10% of homes are sold by the owners themselves. On average, the price of homes sold by owners is roughly 70% of the price of homes as sold by an agent.
But how do you find the right price? One of the best ways is to simply ask. Most real estate agents will provide you with a comparative market analysis in the hope that you will eventually tire of selling it on your own, and will then remember how friendly and helpful they were when you decide to hire an agent instead.
You’re also going to want to examine your home and evaluate what repairs and renovations need to be made. The degree of disrepair obviously varies from home to home, so you’ll need to determine roughly how much money will need to be invested to get it in shape. Once you feel that your home is ready for sale, it’s time to price it. Take a look at listings for similar homes (same number of bedrooms, bathrooms, lot-size, etc.) in the area to get a feel for the average price. Once you’ve listed it, let the market steer you in the right direction. If you’re not getting any potential buyers, chances are your price is too high. Conversely, if you find there aren’t enough hours in the day to accommodate everyone who wants to take a look, you might be undercutting your profit potential with too low an asking price.
And remember, if you’re looking to sell fast, you’re more likely to find buyers if you set it at a lower price than you ideally want.
Have you ever seen a house listed for sale that sat there for far too long? It’s very likely because the seller was asking too much and refused to drop their price.
Do you have a piece of property (house, lot, or land) you’d like to sell fast? Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property. https://pdxrenovations.com/
