“Priced to Sell”
Have you ever driven by a pretty nice looking house for sale, with a sign that says “priced to sell”, and wondered what exactly that meant? I mean we all understand that it likely means it’s got a really low asking price, but how do you know how to accurately price your home? If you’re selling your house but can’t afford to wait very long, you might want to learn the best way to price to attract buyers.
Read more: How Much Can I Sell my Home for Calculator
Market Conditions
The first thing sellers should be aware of are their local market conditions at the time. Is it a buyer’s market or a seller’s market? Is it a hot market – could there be a bidding war? What are interest rates like? What does supply and demand look like? Are home prices affordable? Answering these questions will help you understand your position and options.
Comparative Market Analysis
Listing agents do this analysis well, but you can do one, too. This is where you will need to do some pricing research, by taking comparable properties of recently sold homes in your area. Make sure there are at least 3 or 4 in your search results, then you can find an average and some middle ground. By pricing your home using recent sales of comparable homes, you get a good idea of its market value, so then you can set the right price.
Dangers of Inaccurate Pricing
The National Association of Realtors says the leading reason a house goes stale on the market is due to pricing your home too high. To attract the most buyers, price your home fair and competitively. Too high of a list price will cause many potential buyers to exclude it completely. Also, don’t make the common mistake of trying to use square footage.
Selling Costs
One thing many sellers do is fail to take into consideration the costs of selling, which in a real estate transaction can be significant. The real estate agents cost sellers around 6% of the home’s sales price, which includes the buyer’s agent. The two agents typically split the 6% commission. Closing costs account for another 2-4% of the home sale total.
Other Costs
Don’t forget to include things like title insurance, listing photos and featured placement, staging, moving costs, capital gains tax if it applies, and the down payment on a new place. Although the buyer pays for the home inspection, sellers pay for any home repairs needed. The buyer can request extras, like new flooring or new paint, during negotiations, as well.
Tips for Selling Fast
If you want to sell quickly, one of the best tips for sellers is to work on your curb appeal, and then host open houses as often as you can. Remember, any potential buyer gets their first impression of your home from the curb – a well maintained property goes a long way. Remove all clutter from both the outside and the inside.
Work with a Realtor
Your list price should be in line with any comparable sale in your neighborhood. Sellers who negotiate with a real estate agent on a listing price tend to sell quicker. They have real estate expertise in property values, and can assess a property accurately. Price your home with the help of a professional.
Or – If you Just Need to Sell Fast
There is an alternative to all of this, if you just need to sell now. Sell Your House Fast – Mississippi is the trusted name to remember, we’re the cash buyers who care. We buy houses in any condition, no repairs necessary, and we pay cash. We understand that life is unexpected sometimes. Plans change with circumstances, and though you may not have planned it, you have to relocate fast.
Sell Your House Fast – Mississippi
When you use Sell Your House Fast – Mississippi, you’ll enjoy:
- NO REAL ESTATE AGENT COMMISSIONS!
- NO HOME INSPECTIONS NEEDED!
- NO APPRAISALS NEEDED!
- NO REPAIRS NECESSARY!
- NO CLOSING COSTS!
- NO HIDDEN FEES – WE BELIEVE IN FULL TRANSPARENCY!
- NO OPEN HOUSES!
- NO OBLIGATION TO ACCEPT OUR FREE CASH OFFER!
- GET YOUR CASH IN AS LITTLE AS TWO WEEKS!
Why wait? Get your free, no-obligation cash offer today!
How it Works
Just fill out the short form right here. A cash buyer will be in touch with you shortly to schedule an appointment to visit the property in person. At that time, they 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! So what have you got to lose? Contact Sell Your House Fast – Mississippi when you need to sell fast!
