Some agents suggest you only get one chance to make a good first
impression… To potential buyers! And this first impression is largely based on
ensuring the price of your property is effective to ensure a quick sale.
However, many private sellers tend to over-inflate the value of their house. The
result is the property remains stagnant, unsold and they have to eventually
reduce the price of the house.
To get the most value from your home sale, price it right from the start.
Here are a few easy tips for effectively pricing your house for a quick sale
when you don’t want to employ a real estate agent.
1: Create a Comparative Market Analysis
When you meet with an agent, they often tell you that the first key to selling
any home is to ensure it is priced properly.
The best tool at the real estate agents disposal is creating a comparative
market analysis. And believe it or not, it’s rather easy for an individual to
create. While agents have access to the multiple listing service (MLS), sellers
can use free tools (such as Zillow) to estimate this information.
The first step is to gather the sale prices of homes in your neighborhood that
are of similar age, similar square footage, similar bedrooms and landscaping
features.
If you can, find out how much these houses sold for, and how long it took the
house to sell. It’s also important to compare those listings with ones that
didn’t sell to see if they were priced too high from the start. You’ll most likely
have to pay a healthy fee to local government offices or the MLS to access
this information, but you can do it yourself.
2: Contact an Appraisal Company
Another easy way to consider the value of your home and thus effectively set
pricing for your house in order to ensure a quick sale is to have an appraisal
company inspect your property.
They will often use the same techniques that real estate agents use to gather
information about previous home sales in your area. They also use their vast
experience in appraising local properties value to come up with a solid value
price. This however is not a price that you should sell your property. It just
ensures that your property is worth what you are asking based on the
information above. Hiring an appraisal company can often cost between
$500-$1000 for the inspection. And it will give you a good baseline to
effectively price your property for a quick sale.
3: Work with a Real Estate Investor
If you’ve read the above two options for pricing your home and think to
yourself, “that’s a lot of work and money to spend” you might consider
working with a company that buys properties as is and pays fair market value
for the property. Believe it or not, there are a few reliable and trustworthy
companies who will purchase homes and provide their owners with a quick
and market-value sell of their property without collecting huge percentages of
their profits that are often associated with real estate companies. This
reduces your stress, ensures you receive true market value for your home and
gives you the cash quickly to use for down payments or other important
needs.
Contact us for a free, no-risk quote within
24 hours.
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