Where to Begin
Selling your home is a big deal, there’s no dispute about that. No matter how you plan to sell, you want to know what you’re doing and what to expect. The first thing you’re going to need to do is a comparative market analysis when pricing your home. This involves some pricing research on local market conditions. Is it a hot market? A buyer’s market? These are factors important to know.
The Housing Market
To price your home competitively is the key to selling quickly, which means doing some market research. When there are fewer homes than there are buyers, it creates a seller’s market. In these kinds of market conditions, you may receive multiple offers as the result of a bidding war. But still, it’s important to know your current fair market value, so how do you figure that out?
The Price is Right
The National Association of Realtors says the most common reason a house gets stale on the market is due to sellers having too high of an asking price. A real estate agent can help you with an accurate listing price. One way they do that is by looking at recent sales of comparable homes in the area. This is the best way to price your home to attract the most buyers.
How to Calculate
First off, don’t make the mistake of trying to use square footage as your sole method of pricing your home. Utilize online home valuation tools like Zillow’s Zestimate to double check the figure you come up with. The best method is to check recently sold homes locally, by choosing comparable properties to your own. Add the combined home prices together and divide by the number of home sales you added, to get the average asking price.
Read more: Terrific Home Appraisal Tips
Why It’s So Important
Coming to just the right list price is extremely important when trying to attract buyers. A potential buyer will also try to find a comparable sale, before making an offer. A home with a price that’s too high risks getting what’s called “stale”, after just 3 weeks with no potential buyers, on average. Pricing your home at just the right price – with some middle ground – attracts the most buyers overall, so you can sell quickly.
Costs of Selling
Another common mistake sellers make is not taking into consideration the costs of selling. Real estate agents cost sellers around 6% of the home’s purchase price, and the seller pays that entire cost, even though half of it goes to the buyer’s real estate agent. You’ll also have another 2% – 4% of the sales price to figure in for other closing costs. Sellers are advised to plan on 8% – 10% of the purchase price as part of the cost of a real estate transaction. And don’t forget the down payment on a new house, as well as paying off the old mortgage.
Negotiating Price
Not everyone is going to be happy with your home’s price, especially buyers who feel like they aren’t getting a deal if they don’t negotiate a bit. This is where listing agents come in handy. They are experts in the market, and good at negotiating house prices and real estate contract conditions. Your agent is on your side. Remember, the better price you get, the better their commission! The agent will certainly get you the best price possible.
What if I Need to Sell Fast?
If you want a fair price but you really need to sell now, why not get a free, no obligation cash offer from Sell Your House Fast – Las Vegas? We are an established and trusted name for cash home buyers, and when you need to sell fast, regardless of the circumstances – we can help. We believe in complete transparency, so you’ll find all the details right here within the pages of our website. What have you got to lose?
How it Works
To get a free cash offer with no obligation to accept, just fill out this short form. A representative will be in touch shortly to schedule an appointment to visit the property in person. At that time, the cash buyer will discuss your individual situation and answer any questions you may have. The buyer will be prepared to make you a cash offer on the spot!
Advantages of Using Sell Your House Fast – Las Vegas
Sell Your House Fast – Las Vegas is a legitimate home buying business that is fair and pays cash, for houses in any condition. Here are some of the advantages our clients enjoy:
- NO REAL ESTATE AGENT COMMISSIONS!
- NO CLOSING COSTS!
- NO HOME INSPECTION NECESSARY!
- NO HOME APPRAISAL NEEDED!
- NO REPAIRS NECESSARY! WE BUY HOUSES IN ANY CONDITION!
- NO OPEN HOUSES OR STAGING NECESSARY!
- NO LISTING PHOTOS OR LISTING DESCRIPTIONS NEEDED!
- NO HIDDEN FEES!
- NO OBLIGATION TO ACCEPT OUR FREE CASH OFFER!
- GET YOUR CASH IN AS LITTLE AS TWO WEEKS!
So what are you waiting for? Let us help you with a cash solution when you need to sell fast. We’re the cash buyers who care, here at Sell Your House Fast – Las Vegas.
