So you’ve decided to do some home selling. Congratulations, this is an exciting business you’re getting yourself into. But, is selling a house good right now?
Whether it’s selling your parents’ house, your aunts’, your close friends, or even your own home, there are some things to consider before you can start marketing the house. One of which is how to set the price.
It’s really important to take time before you complete your home selling prices. If the price is too high, the home will stay on the market for too long, waiting for someone who can afford it.
Even if you reduced the price later, it would show the potential buyers that even the seller realizes that the home selling price was too high (and probably still is).
But if the price is too low, this would easily sell but eventually brings damages to the sellers’ net expectation!
Best Home Selling Tips
Someone, you know is selling a home? Had successful experience in doing so before? For someone who’s never done it, home selling can be frustrating.
Some people are reluctant to help their agents sell their homes for the reason of “that’s what they’re paid for!”. Remember that agents have a lot more clients to handle and may not always focus their attention on your house. The homeowner is the only one who’s willing to voluntarily give out complete information to potential buyers at no cost! Also keep in mind that no matter how great an agent you have, if your house has been on the market for a long time, you are going to be the person most financially damaged.
Whether it’s helping sell someone’s house, or an agent selling your own home, assistance in home selling is always needed. Homes are such large investments – one simply can not sell them alone. Here are some tips for selling your home as-is.
Home Selling Preparation
So, how can you help sell a house? Most homeowners will stumble even in the preparation phase – when they have to understand all the legal requirements. You might have known from your experience that getting the legal stuff straight is the first step of a home selling process, so assistance on this would always be appreciated. You can help the owners understand difficult clauses in documents, or design the wordings in their contract forms.
Not keen on paperwork? Help to advertise. See if you know anyone who’s looking for a house. If you have some potential buyers, think about who would fit better in the house. The good thing about having a “personal home salesman” is that it knows more than just facts about the house. Think about the neighborhood, the size of the house, and the climate, and find someone who might be interested in the qualifications. Or, if you work in a newspaper or magazine, you can help by posting up the advertisement.
Of course, the concept “helping to sell a home” also applies when you’re selling your own house with the help of an agent. If you want to improve the home selling process, there are some independent steps you can do. Spread out the news that you’re selling your home in the neighborhood.
Organize open houses to invite visitors. Provide your agent with complete information about your house. Put up extra advertisements that your agent may not cover; a blog or personal website is excellent for this.
Home Selling Prices
If you’re selling your own home, then chances are you’re going to want to set the price as high as possible. This might seem like an obviously silly thing to do, but it happens to many people who either cherish their house too much or are simply not aware of the real value.
The first case is a lot easier to handle. Remember that apart from the location, your home selling price is a major consideration in purchasing. So no matter how much you love your house, try to set a realistic price. Some things that might decrease (or increase) your home selling price are:
- Location. Sorry, this one’s a definite. A home in a more desirable area will cost more than a less desirable one.
- House condition. Good maintenance shows that this home is worth being looked after.
- Surroundings. Check out schools around the house and their quality. See how the weather would take effect. Watch those pesky neighbors. These things, though seemingly miscellaneous, apply to buyers and can affect the overall home selling price.
- Extra features. Does the house own something the market is demanding? Does your home have a pool or a beautiful patio? Don’t hesitate in taking them into account of setting the price. Be realistic, though–a dusty, never-used fireplace, no matter how classy, will do nothing to your home value.
Home Selling Estimate Comparison
The second case–where you’re not sure of your house’s value–is a bit more difficult. Read some home selling advertisements to see the price of the houses similar to the one you’re selling.
To help you finish with an ideal home selling price, some standardized methods of price setting have been established. A Comparable Market Analysis (CMA) is “a comparison of similar properties in the same general area that compares actual sold prices” comparing your house to similar ones to get a rough value.
Nowadays, Real Estate Agents can do CMA for you, and you can even do it yourself by the help of some websites.