Prices in the housing market can fluctuate a tremendous amount and much of it is caused by factors beyond your control. Declining neighborhoods or the economy are just two of the intangibles that affect your listing price. Knowing how to get the asking price for your home is part art and part science, here are some things you can do to make the best deal.
Look at the competition
Look at the prices at which other houses are being sold, if you ask for an extravagant price for your home, it would be very hard for you to get a buyer. In a falling market environment, price your house some percentage points lesser than the competition of the same value. This would encourage potential buyers from bidding for your house.
Hire an agent
As property agents know the ins and outs of the business like the back of their hand, it would be advisable to hire one to carry out a thorough inspection of the property and help you in fixing the ” right” price for your home. A house priced too high is usually a house left unsold.
If you plan on not hiring an agent, you should be willing to carry out thorough research of the market, to notice the direction the market is going towards, price according to the necessities of the market, high price for high demand, and lower one for a slump in demand. Here is a video to help you price your home.
The listing Photos
Make sure that you are able to entice the prospective clients into loving your house as much as you do, hire a professional photographer if you have to, you have to cajole the buyer into believing that your’s is the best property on the market, period. If you skimp or cut back on the listing photos you may end up curbing the demand for your house.
If you have hired an agent, then, he would do it for you. If not, then, you have to make sure you have listed your house on as many popular platforms as you can. The higher the visibility the higher the chances of the house being sold, which in turn gets you the price that you demand of the buyer.
Prepare your home!
It is very important to understand that a house unkempt would be a house unsold, no buyer would be interested in trying their luck at a property that hasn’t been maintained properly. Buyers want to see clean homes with no clutter.
Follow these tips and you would sell your house without further delays!