Ideas for a quicker home sale in Leicester Ma.
After lots of discussion with your family and friends you finally have decided to put your home for sale in Leicester Ma. The thought of pricing your home has created some confusion, but you have a general idea of how much you want to list your home for.
Before you place a For Sale sign on the property you have to make some decisions about who is going to sell your home. Asking too much money for your listing carries risks. You want to get the most money for your home, but setting the price too high can create issues that you might not be aware of. What is a fair and reasonable market price? Will my home appeal to a large segment of potential buyers?
Have I been objective?
Living in a home for many years can create a condition wherein you cannot see the property objectively. This attachment can lead a person to believe that the property might be worth more than it actually is. Getting sound advice about the actual worth of the property by an outsider is a good idea, and an assessment that you should not avoid. Most Realtors will happily give an estimate even if they do not get the listing. Are there any risks if the property is priced to high?
The ripple effect of over-pricing your home.
If your home is over-priced when it’s first placed on the market, the most obvious risk, of course, is that it simply won’t sell. You may think your home is worth $15,000 more than another house in town, but if the houses are similar the average homebuyer is going to gravitate toward the lower-priced home. Another issue is, even if a buyer were to fall in love with your home and agree to pay $15000 more, the bank would insist on an appraisal to verify that it is indeed worth that amount. If the home was not worth the additional $15000 then the buyer would either make up the price out of pocket or walk away.
Because buyers don’t want to spend more money on a house than they have to, over-pricing your home could cause it to sit on the market for a long time. The longer your home sits, the less likely it will sell. A house is no different than any other item for sale. When potential buyers see that a home has been listed for a lengthy period they assume there is something wrong with it. You do not want your home to become static on the market. Buyers have lots of technology at their disposal, and can easily do their own research.
You only have a short window to make a good impression. Don’t lose that by pricing your home incorrectly.