Selling your home can be a very costly and time-consuming process. For this reason, we look to get the largest amount of money possible when we bring our homes to the open market. While it is clearly a good idea to earn a large sum for your home, some people become so attached to their homes that they set unrealistic asking prices. These price expectations can keep your home on the market for long periods of time without revealing any potential buyers. In order to keep this from happening to you, follow these four tips for making sure your price is fair.
1. Assess Your Home’s Property
One of the most important aspects of a home’s price is its surrounding property. While you may have a home which is worth a considerable amount of money, a small surrounding property will not allow you to sell your home for nearly as much as you might think. In addition, environmental hazards can create a situation where your home’s value is significantly reduced. Make sure to perform an honest assessment of your home’s property when attempting to set a fair asking price.
2. Assess Your Home’s Features
Although you might have a rather large home, buyers in today’s market are looking for very specific features when looking to spend large amounts of money. These features might include a garage, patio, extra bathrooms, an in-law suite, and countless other amenities. When attempting to create a fair asking price, make sure you perform a full inventory of your home’s special features. If you find that your home is lacking a few things which would drastically increase its value, you might want to make these additions before bringing your home to the market.
3. Make Comparisons to Other Homes
Thanks to online services like Zillow and Trulia, making comparisons between your home and similar homes in the area is easier than ever before. When attempting to find a fair price for your home, look at what similar homes in the area are selling for. If you find that your asking price is much higher than other homes in the area, you will have a very difficult time finding a potential buyer. In addition to price, look at the property and specific features of other homes listed on these online services. They may give you great ideas for making any last minute additions to your home.
4. Make Sure You’re Not Factoring In “Sentimental Value”
If you have lived in your home for a very long time, it can be hard to find a reasonable asking price. Often times, many sellers tend to add sentimental value to their homes which does not exist in the eyes of potential buyers. Make sure that you are as honest as possible with yourself regarding the current market price and conditions of your home. If you need outside help to make this appraisal, do not hesitate to ask. Sentimental value will only lengthen the time you spend trying to find an appropriate buyer for your home.
Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/