How To Set Your Asking Price When Selling a Home in Philadelphia

Asking Price When Selling a Home!

When selling your home in Philadelphia, you will want an excellent price for it. However, you don’t want to price too high and scare off potential cash home buyers, nor do you want to price too low, losing thousands of dollars. There are proven methods and strategies we would like to share in this article. Keep reading to learn how to set your asking price. {How To Set Your Asking Price When Selling a Home in Philadelphia}

Know Your Market

Research and find out what comparable homes are selling for in your area. Take a look at seasonal real estate trends, and if you have the time, list your house at a time of year when prices are typically higher. Look up homes actively listed on the MLS, Zillow, and for sale by owner sites.

Take note of how long the properties have been listed.

If a home has been on the market for a while, it is likely priced too high. Think about supply and demand; buyers will be at an advantage if there are many homes on the real estate market, and buyers will be at an advantage.

In addition, you can ask a couple of realtors for a more detailed CMA. (Comparative Market Analysis.) Many realtors will offer this as a real estate marketing technique. Requesting a CMA should not put you under any obligation to the licensed realtor. Who knows, they might even have a buyer for you.

Be Realistic

You might have a price in your head of what you want to receive for the home, but make sure this price is realistic. Home buyers are savvy, and depending on your market, they may have several options.

They want to get a good deal and find a value just as much as you want to get a reasonable price for your house. The trick is to find that sweet spot. You don’t want to price your home too high and have to make multiple cuts to the price.

These price drops will show on the MLS, and repetitive price changes can make you look desperate or indicate that something may be wrong with the house. A good rule of thumb is allowing for only one price drop if necessary.

To make sure your asking price is based on reality, it might be beneficial to have a professional appraisal done.

Ask Opinions

In addition to asking real estate agencies for a detailed CMA, you can also ask friends, neighbors, and family. Ask for their opinion and see what they would pay for a home like yours.

Getting multiple opinions from various individuals can help you find a middle ground as well as help you find additional selling points you may have overlooked when selling a house as is in PA!

There Can Be More to It Than Just the Final Sale Price

Maybe you can offer a lower price for the home. However, the buyer has to pay the closing costs. Or perhaps you can get your asking price, so long as the furniture comes with the house.

You have some bargaining power when finding the sweet sale price for your home. With some clever strategy, you can find a price that works for all parties!

We’re Buying Property 215, a family-owned real estate company in South Philadelphia! We have years of experience offering multiple home selling options! Our company has an A+ rating from the Better Business Bureau!

{How To Set Your Asking Price When Selling a Home in Philadelphia}

If you have any questions about buying or selling property in Pennsylvania, fill out this form, and we will be in touch immediately! Or call our office directly now! [215-359-6090]

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