Get the Best Price for your Home
Decluttering your home, updating your lighting fixtures, sprucing up your lawn, improving the appearance of your home – these are all ways to attract high offers for your home. But there are also other strategies that you can try. The best part is they don’t even involve any physical labor.
Set the right price for your home
This is one of the most important decisions you will have to make while selling your home. If you go too high, you risk turning off your buyers and if you go too low, it’s like leaving money on the table. Before you put up your home for sale, spend some time looking at the pricing of comparable homes in your neighborhood. Look from a buyer’s perspective and see what a reasonable listing for your home seems. Consider the time of the year and the condition of the local market. You can take the help of a local realtor or an experienced agent who has a good knowledge of the market.
Make sure the price points are strategic
You know how compelled you might feel to buy that gallon of milk at $4.99 as opposed to $5.00. You have to create that kind of strategic price points to lure your buyers. Home buyers generally tend to consider homes that are between price ranges separated by increments of five to ten thousand dollars. Instead of a specific price of $247,900, you can consider a range of prices between $242,900 and $247,900. This way you will get more offers and the chances of getting a better price for your home.
Try value range marketing
Value range marketing is a technique where in you get to choose a listing price based on the price you are ready to sell at if a buyer wrote you a check today. Then you come up with another price that is lower than this price. This should be your starting point of negotiation. One that you may not accept right away; but it would be an offer that you may not probably reject. The buyer should know that you are ready to settle somewhere mid-ground. So your home would be listed somewhere between $200,000 and $250,000 instead of an outright $250,000.
Offer prepays and incentives
If a buyer has already narrowed down his search to two or three homes, he may need just a little push to take the right action. This push can be given through incentives such as providing credits or allowances for home upgrades, paying for repairs, inspections, or closing stocks, or bringing the interest rate down on the purchaser’s loan. You can also offer to prepay for services such as taxes, homeowners association fees, or internet services.
Get your pre-appraisals and pre-inspections done
Getting pre-appraisals and pre-inspections done on your home will help you set the right price for your home, while saving the time and efforts of the home buyers. They will know what they are getting and whether it is worth the price that you are asking for.
Hire an experienced listing agent who can help you in getting a better price for your home, although it means paying some fees to him. If you are in urgent need of cash and are not able to find the right buyer for your home, you can get in touch with ASAP cash home buyers. They will buy your home and give you cash instantly.