Price Your House to Sell Fast! [3 Steps to Pricing Right!]
January 20, 2019
In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year. This may mean going back and forth with an agent to make sure you have the house at just the right price. This also means that homeowners looking to sell their house fast may be looking at an extended home sale as prices need adjusting.
Reasons to Sell Your House Fast
Homeowners may be looking to unload their property for a variety of reasons like::
- High Payments
- Can’t Afford Mortgage
- Job Loss/Layoffs
- Going Through Divorce
- Health Costs/Insurance
- Unwanted Inherited Property
- Threat of Foreclosure
- Need to Relocate
- Tired of Being a Landlord
No matter the reason you want or need to sell your house quickly, there are steps you can take right away to price your home to move!
Step One: Know Your Neighborhood
It’s important to look at homes within two-miles or less of where your house is located. School districts, natural and man-made boundaries, as well as other socioeconomic influences can affect neighborhoods that are even in your same zip code!
Step 2: Sold Home Prices
Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country, but may not hold true for your neighborhood. Determine what the price other homes in your area have sold for within in the last 30-days. This will give you an idea based on actual house sales what you could expect. If you’re working with an agent, ask them if these recent homes had any price reductions from their original listing price. This will let you know if your neighborhood has shifted with the market recently.
Step Three: Visit Current Homes for Sale
Look at homes that are currently listed for sale and attend open houses for these properties. While there you can compare your house’s amenities, square footage, as well as interior/exterior remodeling that you may need to do as well in order to get a similar asking price. Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in reality nothing was wrong, the price was just too high for what the home offers!
Sell Your House Quickly with a High Cash Offer
Whether you’re selling your home on your own or using an agent, the process to research and find qualified buyers is going to take months. When you don’t have the time to wait, consider selling your home to us! When you work with us, you’ll avoid all the hassles associated with pricing your home to sell fast!
Why use the professionals at Revival Home Solutions?
There are NO REPAIRS to pay for!
NO REAL ESTATE AGENTS to hire!
NO LISTING FEES to pay!
Just a straight CASH OFFER for your home and money in your hands in as little as SEVEN DAYS!