When preparing to sell your home, pricing it right makes the difference. There are times sellers choose to price their home on such things like, the price they paid, current mortgage balance, or on the amount of profit they seek to purchase another property and sometimes to retire.
5 Smart Tips to price your home right
1. Bidding War
Buyers love competition they don't want to be the only one interested in your home. Pricing your property on the lower end could stimulate more buyers and cause a bidding war. If you really need to sell you home quickly this may be an option.
2. Home Price made Easy
When buyers are looking for homes on the market the agent set up their search criteria. If they are looking for a home lets say 400k and below, the agent may set up a search for homes 400k and under but your home is listed for 405k you potentially miss ton of buyers in this range. Because this scenario happens most often, smart agents will include a search criteria of properties a little above the buyers price range. Knowing that home prices are flexible and can be negotiated.
3. Fair Asking Price
If the value of your home is between 400k and 500k avoid an asking price like 457,666, Such an odd figure can draw negative attention and cause the buyer to question the seller agenda for selling the home. The end goal is to have a reasonable asking price.
4. Plan to Price
As a seller you want top dollar for your property. As an agent, I like to ensure my seller home sellers for top dollar. However, before my seller puts their home on the market, we go over a contingency plan. If their home don't sell for price A would they sell there home for price B or C. This helps set up the right expectations in my sellers mind. I like to avoid any unpleasantness when offers are being brought to the table.
5. Always communicate with your agent
The ultimate goal is for you to walk away with money in your pocket. Always be open to discuss the right pricing strategy with your agent. There's a lot that goes into selling and buying a home. The market is forever changing, remain flexible and always be willing to change when the market changes.
Author:Karol Alvarenga Phone: 321-201-5318 Dated: July 8th 2016 Views: 390 About Karol: Check out my Website: http://karol.exitrealtych.com
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"Steve Humphries was great to work with. Personable and knowledgeable. He helped us zero in on homes that met our criteria for a vacation rental property and negotiate the minimum price that actually got us the house. It is now a profitable, positive cash flow property that has already had an uptick in value. Steve was very helpful to us as Canadians buying in the US in terms of providing advice we needed and accommodating our last minute travel schedule. I expect to use Steve again personally for any additional revenue homes in the Davenport & Champions Gate area and have recommended him to friends. Well done Steve!"