How Important Is the Asking Price When Selling a House in Philadelphia?

Asking Price When Selling a House

Suppose you’re considering selling your house in the Philadelphia area (or anywhere in Pennsylvania, one of the first things you’ll think about is the selling price. How much should you sell the house for? But there’s one question you should understand first, and that is: How important is the asking price when selling a house in Philadelphia, Pennsylvania? In this blog post, we’ll answer this question to help equip you when you sell your house! When you want to sell my house, you set an asking price. Of course, most people know that this is rarely the selling price – so why set an asking price? How important is the asking price when selling a house in Philadelphia, Pennsylvania?

An asking price is a handy “tool” that does three things for you!

First, It Attracts Certain Buyers, And It Repels Certain Buyers

There are buyers at every price point in the spectrum. A higher price will catch the attention of higher-end buyers (while it repels low-end buyers), and a lower price will attract the attention of lower-price buyers (while it repels high-end home buyers).

There’s nothing wrong with this – after all, you don’t want to waste your time trying to sell your house to someone who has no intention of buying. So, the right asking price can be used to help the right buyers see your house as a desirable purchase.

Second, It Reveals Information to Buyers

Compared to similar houses, the price of your home will reveal information to potential buyers. For example, if you live in a neighborhood where the average sale price is $100,000, and you’re asking $75,000, what does that say to buyers? It says that your house may need some work or you’re in a hurry to sell. And what if you live in that same neighborhood but ask for $125,000? It might say that your house is superior to the other homes because of how you’ve decorated it.

Third, It Is the Starting Point of Negotiations

It’s scarce for a house to sell at exactly the asking price. All home sales are negotiations between the sellers and the buyers (and the real estate agencies that might represent them). The asking price puts a piece of information out there for negotiations to begin. As a seller, you might put out the price and then work on getting a higher price, while your sellers start with that price but work on getting a lower price. 

So, how important is the asking price when selling a house in Philadelphia, Pennsylvania?

It’s essential to help a house sell. But it’s not the only way when selling a house as is in PA! If you’re unsure what your asking price should be, or if you’d like to skip the sales process, you can get a cash offer from us! {Buying Property 215 has an A+ rating by the Better Business Bureau & 5-star Google reviews!}

Are you looking for a quick house sale?

If you’d like to sell your house and skip the sales process, call our office at [215-359-6090] or click here to complete the form. We’ll get back to you within 24 hours to make you an offer on your house.

Buying Property 215:

We’re Buying Property 215, a family-owned real estate company in Philadelphia. We believe that selling property should be made accessible, which is why we offer multiple real estate services & home selling options to fit your needs! A popular method to sell a property will be our “cash home buying program” this route allows sellers to sell their homes within three weeks. This quick sale method requires the seller to make zero house repairs or home updates! No inspections or walkthroughs are necessary when selling property off the market, which is desirable for homeowners with hectic schedules, pets, or children! Our company covers all closing costs with no surprise fees! We purchase property regardless of the condition and circumstances! Contact us today to receive a no-obligation cash offer!

  • We purchase property in any condition and situation!
  • Close on the property within three weeks.
  • No repairs or inspections required!
  • No closing costs or fees.
  • A+ Rating with Better Business Bureau!
  • Highest cash offer guaranteed.
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