Pricing Your Home For A Quick House Sale
Although house sales may have stayed steady on the property market, this doesn’t make selling your house easy. The truth is that putting your house up for sale can be more difficult when you’re not familiar with the property market. For instance, how can you tell what prospective buyers are looking for and how can you know that you’ve worked out the asking price well when you are not knowledgeable about the property market?
Well, here are someexpert tips you need to take into accountif you must achieve a quick house sale without selling your house to quick house sale companies:
Set a realistic asking price. Generally, most of the estate agents will make a bold move when valuing your property with the aim of getting you the best price. However, you need to understand that estate agents will value your house at an asking price that you’re unlikely to achieve. Thus, when you put the house on the market, there is a little room for negotiating the price to eventually arrive at a realistic price.
Now, this calls for you to be smart. First, request for property valuations from at least three estate agents and draw comparisons to see how different each one is from the other. Secondly, make sure you can achieve the price proposed by the agent by conducting an independent research. You can use various search engines to find out the prices of similar properties before determining if you’re working with a competitive and realistic price or not.
You could also look up for similar properties on your street that have already been sold and find out how much the y sold for. This is a realistic benchmark. Here, your focus should be in those properties that have been sold over the last six months. This information is usually available from the Land Registry data and more reliable and accurate.
Don’t base your next purchase on the asking price of your property. It is a common mistake to find homeowners pegging their next home purchase on the asking price of their current property. This is wrong because in reality you are never sure about how much you’ll sell your property for until you actually sell it. Moreover, by basing your next purchase on the asking price of your current property, you might end up setting a higher price but actually sell the property for a lower price leaving you in a dilemma. You might also end up with an unrealistic asking price that will result in your property staying on the market for so long without finding a suitable buyer.
Leave room for negotiation. You never at any one point want to feel you didn’t maximize an opportunity to make money. On the other hand, no buyer wants to over pay. You need to set your price with this in mind as it gives both parties room for negotiation. However, you must not set a price that is too high and unrealistic as it could turn off buyers altogether.
Have the buyer’s mind. While you may be emotionally attached to your house, it is advisable that you view your property from a buyer’s perspective. That is, what are some of the things that buyers consider important in a home? You can conduct a quick survey on the buyer trends to ensure you get it right. Take into account other factors such as the location of the property, proximity to schools and the crime rate among others.
Act decisively and swiftly. If you have had your property on the market for sometime and it is not generating a positive response, get some feedback. If the reason you are not receiving any buyers is because of aggressive pricing, step in and adjust the price before it is too late.
Pricing your house realistically is one of the ways to ensure you sell it fast.Remember buyers always have choices hence when you set a price that is too high, your house might end up staying on the market long enough to become stale.