Price Your House to Sell ASAP
Sometimes in life, we cannot control situations. A short-notice move with our company may come up. There might be an emergency in the family that requires our immediate attention. There are many different situations which may occur that could potentially require our immediate attention, and the selling of a home is no exception. If it a situation that requires you to sell your house quickly, it is important to know how to adequately price your home to ensure it sells quickly.
If a family or individual wants to sell their home quickly, they have to make sure they price it properly. Determining the price of a home is one of the major steps in selling a home. Also, it gives the sellers an opportunity to gain a competitive edge. As a home seller, the individual needs to understand that a well-thought-out listing price will allow them to set the specific tone for their sale. The best way of calculating a price is to draw comparables. It is necessary for the seller to look at the active and sold homes of their neighborhood to come up with an adequate, yet competitive sell price. It is also imperative for the sellers to reach out to a professional real estate agent, who will help the sellers come with up a final price.
One of the most important things a seller can do is to think like the buyer. It is a fact that the seller will have an emotional connection with the home, but it is important to be practical when selling the home. What attracted you to the home when you bought it? The seller should attempt to be empathetic towards the buyer; if you try to enter their shoes, you will increase the chances of selling your home faster at a good price. If you want to sell your home faster and you are in emergency, you might have to price your home at a lower price in order to sell it as soon as possible. Also, a lot of home sellers overprice their home with the expectation that they will have to reduce the price at some point. However, if in an emergency, there may not be time to do this. If a home is overpriced, there is a strong possibility that the buyer may not even look at and consider purchasing your home. Home buyers have studied the market and realize when sellers have overpriced their home, but are decreasing the price steadily.
Finally, in order to sell your home quick, it may be worth your while to offer incentives. As a seller, you could agree to sales commissions that are a higher end of the norm for your market, and offer bonuses to buyers’ agents. The seller could also consider buyer incentives such as paying homeowner association fees for the first six months. In addition, you could offer to contribute to closing costs or the first year’s taxes, or even placing warranties on the appliances included in the house.
No matter what the reason, it is possible to sell your home in a short amount of time. The first step is getting a professional real estate agent who can help you start the process of selling your home. For more information, or to schedule an appointment, give us a call!