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Maybe you’ve found a job elsewhere? Perhaps you need to avoid foreclosure? Whatever the case may be, you’re looking to sell your home quickly.
The only problem is: you’re not sure how to find the right home sale price. Fortunately, we can assist you in doing so. Without further ado, here’s how to price a home.
In This Post:
Look Around You
First and foremost, you need to get tabs on the sale prices of the homes in your area. The sale price of your home should be relatively similar to these sale prices.
The key is to look for homes that are similar. So, if you own a 3-bed, 2-bathroom, 1,600-square-foot house on 0.5 acres, you should assess the sale prices of other 3-bed, 2-bathroom, 1,600-square-foot houses on 0.5 acres. If such a home sold for $250,000, you should list your home for around the same price.
Now, you shouldn’t just assess one home and be done with it. You need to look at several in your area and then average them out. This will help you get a feel for where your home fits in the equation.
How do you find the sale prices of neighboring homes? Sites like Redfin and Zillow should have the info you’re looking for.
Hire an Appraiser
Perhaps the best option is to call up a professional appraiser. Professional appraisers are literally trained to assess the values of houses and should be able to find the perfect sale price for your home.
Appraisers accomplish this through a number of means. Not only do they inspect your home visually, but they also make use of various digital tools.
Now, hiring an appraiser will cost you (probably between $500 and $1,000). Make note, though, that it could go on to save you money in the long-run. As such, it’s usually worth the expense.
Make It an Uncommon Number
Often times, when a person is selling his or her house, he or she lists it at a common and rounded number. For example, a person might list the house at $300,000 flat.
Now, there’s nothing inherently wrong with this. Note, though, that it doesn’t exactly jibe with the mindset of “I’ve got to sell my house fast.” Why? Because at that price point, it’s just another $300,000 house amongst other $300,000 houses; it doesn’t stand out.
Want to separate it from the rest? List it at something like $296,320 or $301,422. These numbers don’t follow the typical pricing pattern and, therefore, are more memorable in buyers’ minds.
In short, make it an uncommon number. The less common your list price, the less likely you’ll get lost in the shuffle.
The Right Home Sale Price Will Facilitate a Speedy Sale
If you want to sell your home in a rapid manner, you need to get the home sale price right on the first try. Use the tips reviewed above, and you’ll be out of there in no time.
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