Set the asking price correctly from the beginning to establish the tone of the sale and reduce the risk of delay. You want the largest return on your investment in the shortest amount of time. For this to happen, your asking price must align with the value of the home and the expectations of the buyer. Check out these tips for pricing your house to sell.
Do Your Research
Take advantage of online home valuation calculators. You input information about your property, and the calculator returns an estimated home value. Keep in mind that this number doesn’t take everything into account when determining the value. Check out the tax statements associated with your property. Property value fees are determined based on a percentage of the home’s value. These documents show you the price value used most recently.
Drive around and check out other homes for sale in your neighborhood. Take what you’ve learned about the value of your home and use that information to compare the features of your home to the competitors. What a home offers on paper can appear different in person, so you’ll give yourself a significant advantage by knowing how your home stacks up from a buyer’s viewpoint.
Find a Real Estate Agent
You’re going to depend on your agent to offer the best advice for your situation. For this reason, you should choose a real estate agent that specializes in selling your kind of property. You want an asking price that appeals to buyers and makes sense. The agency provides a complete home value report that looks at the real estate market in the area, upgrades you’ve made, and community details. Use this report and their advice when setting the asking price.
Get a Professional Appraisal
Sometimes hiring an independent appraiser to come and estimate your home’s value can prove beneficial. This evaluation is separate from the one that will be required once an offer is accepted, but it allows you to get a clear understanding of what adds to or decreases the value of your home. You can choose to alter or renovate based on the things that your appraiser negatively points out to add more value to the property before you set your asking price.
Detach Emotionally
The memories you’ve made in your home are priceless. Unfortunately, they don’t add more value to your home on the market. Try to detach emotionally from the history attached to your property. When someone enters your home with a curious eye towards buying, they want to see themselves living in that space. It’s important to remember this when you’re setting the asking price. Don’t get sidetracked by the memories and experiences during the pricing part of the process. Use the fresh pair of eyes your agent offers to help price your home without hurt feelings. They look at things from an objective standpoint. Trust their thoughts and previous experience.
Your real estate agent is the best source of information about the local community and real estate topics. Give KLM Realty a call today at 319-372-1919 to learn more about local areas, discuss selling a house, or tour available homes for sale.
