Strategies to Avoid Losing Money When You Sell a House
Putting a house on the market is a big decision. There are a lot of things that can affect your final sale price. Before you start, it’s important to understand how to set an accurate asking price.
If you don’t, you run the risk of losing thousands of dollars on one of your biggest assets.
The asking price is often your home’s first impression for prospective home buyers. Finding a competitive number is critical to attract the right buyer. The longer your house sits on the market, the more likely price reductions become. To get the best possible returns, setting the perfect price is key.
If you want to understand some essential pricing factors, read this new report. It’s called, “Homesellers: How to Get the Price You Want and Need.” It will help you maximize your profits.
1: Get a Professional Home Evaluation
There are many things that can change the value of your home. From wear and tear that requires repairs, to market changes.
That’s why it’s critical to get a professional home evaluation from experts who know the Colorado Springs market.
You can get a quick, free home evaluation. This is a great start to updating your understanding of your home’s value.
In addition, with this information your realtor can put together a comprehensive analysis of your home.
Make sure to be thorough and realistic. Pay attention to the market. This will help you set an accurate asking price.
2: Don’t Forget to Consider Important Price Factors
To pinpoint exactly how much your house is worth, make sure to consider everything. Completing a full evaluation depends on lots of factors.
Some of the big, important things to think about are:
- Your home’s location
- Comparable sales in the area
- Any home improvements you’ve made since you bought it
- What kinds of repairs are needed and their costs
3: Set the Right Pricing Strategy
Once you and your agent have thoroughly discussed all the factors, it’s time to choose a pricing strategy.
There are 4 strategies that most home sellers use:
- Overpriced
- Somewhat overpriced
- Priced correctly at market value
- Priced below the fair market value
Which strategy you choose depends on your negotiation style and the mindset of buyers in your market. Current supply and demand can also change your pricing strategy.
Your Home Sold Guaranteed Realty – Barb Has The Buyers Can Help
Your Home Sold Guaranteed Realty – Barb Has The Buyers is here for you. If you’re ready to start preparing your house for sale, get in touch.
We have the right tools and information to ensure you get the price you want and need!
To learn more about selling your home with Barb’s award-winning team in Colorado Springs, call us at 719-301-1802. We’re happy to answer any questions you have.
You can also use the form to reach out and we’ll get back to you right away.
