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Selling Your House? Your Asking Price Matters More Than You Might Think

Wednesday, September 28, 2022   /   by Addison Cassady

Selling Your House? Your Asking Price Matters More Than You Might Think

Selling Your House? Your Asking Price Matters More Than You Might Think

Key Takeaways:

· Buyers are increasingly becoming savvy and have access to more information than ever. That means they can easily spot a bargain - or an overpriced property.

· If your asking price is too high, it will likely sit on the market for a long time without attracting any interest.

· On the other hand, a low-priced home might sell for less than what it's worth.

· A reasonably priced home is more likely to generate interest and multiple offers.

· As the market continues to be competitive, asking the right price for your property now matters more than ever.

 

You may consider an attractive price tag if you're selling your home. After all, you want to get the most money possible for your property. But in today's market, pricing your home appropriately is more important than ever and here's why:

Buyers are increasingly becoming savvy and can access more information than ever. That means they can figure out whether a house is reasonably priced or not. So, if you price your home too high, it could sit on the market for months without attracting any interest.

The good news is that real estate services can help you price your home correctly. They will consider factors like recent sales in your area, current market conditions, and the specific features of your property. This will help you create a realistic asking price that will attract buyers and help you sell your home quickly.

Let's further discuss the importance of your home's asking price to help you make a more informed decision.

Why Does the Proper Asking Price Matter for Home Selling?

The Right Asking Price Will Help Attract Buyers.

A home that is priced too high will likely stay on the market for an extended amount of time without any buyers, while a low-priced home might not sell for as much as it's worth.

Finding that sweet spot where you can attract buyers without pricing yourself out of the market is essential. Real estate agents can help you with this by doing a comparative market analysis (CMA). It will give you an idea of how much similar homes in your area are selling for and help you price yours accordingly.
The Right Asking Price Will Help Attract Buyers.

The Right Asking Price Can Help You Sell Your Home Quicker.

If you want to sell your home as soon as possible, you'll need to price it correctly. Expensive property is more likely to stay on the market for weeks or months without attracting any interest.

On the other hand, a reasonably priced home is more likely to generate interest and may even result in multiple offers. Real estate agents can help you decide the right asking price for your home based on factors like recent sales in your area, the condition of your home, and more.

Why Should You Consult a Realtor Before Selling Your Home?

Realtors can help sellers avoid common mistakes when selling their homes. For instance, pricing your home too high can dissuade buyers from even considering it. Or, failing to stage your home correctly can make it harder for buyers to envision themselves living there. Real estate agents can guide and assist throughout the home selling process, from pricing and staging to marketing and negotiating.

Home Selling Mistakes to Avoid

Making Emotional Decisions

Emotional decisions are one of people's biggest mistakes when selling their homes. It's worth noting that your home is an asset, and you should be strategic about how you sell it. That means setting a realistic asking price, preparing your home for showings, and being open to negotiations.

Unrealistic Pricing

Your home's asking price is perhaps the most critical factor in selling your home. If you price your home too high, your property could sit on the market for months without any serious offers. On the other hand, with an underpriced home, you could leave money on the table. Real estate agents can help you decide on a competitive asking price for your home.

You Are Not Preparing Your Home for Showings.

When potential buyers walk into your home, they should be able to envision themselves living there. That means decluttering, deep cleaning, and making necessary repairs or improvements. Real estate agents can provide guidance and assistance to help you prepare your home for showings.

Failing To Negotiate Effectvely

Many people mistakenly believe that the first offer is always the best. However, savvy home sellers know that there is always room for negotiation. Real estate agents can speed up the negotiation process to get the best possible price for your home.

Selling During Winter

While spring and summer are generally the busiest selling seasons, that doesn't mean you can't sell your home during winter. Real estate agents can help you take advantage of the winter market by marketing your home effectively and helping you find motivated buyers.

You Do Not Understand the Market.

It's essential to have a clear realization of the current real estate market before listing your home. Real estate services can provide valuable data and analysis to give you a better experience of what to expect.

Hiding Significant Issues in Your Home

While you may think you're doing potential buyers a favor by not disclosing significant issues in your home, it will become an issue later. Real estate agents can help you uncover problems so buyers know what they're getting into.

If there are significant issues with your home, it's essential to disclose them upfront. Real estate services can help you identify and address these issues so buyers know what they're getting into.

Selling To Unqualified Buyers.

One of the biggest mistakes you can make when selling your home is to sell to an unqualified buyer. This can lead to several problems, including:

· The buyer not being able to get financing.

· The buyer not being able to close on the home.

· The home is not passing inspection.

Real estate services can help you avoid these pitfalls by working with qualified buyers who are ready, willing, and able to purchase your home.

Not Accommodating Buyers

Another mistake sellers make is not accommodating buyers. This can include:

· Not being flexible with showings.

· Not being flexible with closing dates.

· Not offering any concessions.

Are you looking to buy a home? Here are some home staging basics you'll need to know.

 

Real estate agents can help you be more accommodating to buyers by working with their schedules and needs. This will make it more likely that you will find a buyer willing to pay your asking price.

As the market continues to be competitive, asking for the right price for your property is more essential than ever. By working closely with a professional agent and being flexible with buyers, you will be better positioned to sell your home for the price you want.

Kathy Hames Team, West USA Realty, provides features you can use to search for a property in addition to thousands of listings in Goodyear, AZ. Visit our website today to browse for the best property according to your needs.

Kathy Hames Team | West USA Realty
Kathy Hames
2920 N Litchfield Rd #100
Gooodyear, AZ 85395
602-618-9070

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