Selling your home is no small task. Often times it’s hard to determine where to start and what exactly the process looks like. In this post we will share with you some ways that can help you determine how much your home is worth based of best practices. Along with a few tricks we’ve learned through the years of buying homes through the Omaha area.
The most obvious way to determine how much to sell your home for, is to looking at homes that have recently sold in your area. Though, it doesn’t stop there, some factors to take into account are the distance from your home to the previously sold home, the difference in size, when it was sold and the age of the home. You should also take into account how long homes in your area were on the market before they sold. Did the sellers lower the the initial asking price, or were they sold at or over the asking price?
Once you obtain a basic idea of what your house is worth, you will want to begin looking at other houses around you that are currently on the market. This will allow you to price your home more competitively, in comparison to other houses on the market around you. As buyers look for a home in your area, they will most likely have a price range in mind. You want to be sure to you don’t price your home too similarly to the properties around you, and be sure your homes price stands out from the rest. However, this does not mean you should over or undervalue your house but to price your home within a less saturated price point.
You should also take into account is the time of the year you’re wishing to sell your home. It’s proven that the majority of home sales happen in the spring time, but this doesn’t always work with your schedule. The market in which you’re selling your home in is also another factor worth noting. There are three main market types, sellers market, buyers market, and natural market. Knowing this will help your to price your home more accurately as well.
Now that you have an understanding of where to start, you may come to the point where your house just isn’t selling for its original asking price. This can be a result of an over saturated market or simply your price is just too high. Either way, don’t be afraid to lower your asking price. This will not only help sell your home more quickly, but has the potential to generate multiple offers. This has the possibility of creating a bidding war between the individuals interested in your home, possibly driving the price back up.
Though, if all else fails and your home just isn’t selling the time frame that works for you. Consider selling your home to a cash buyer like us. At McCright Properties LLC we work with you to find a price for your home that is fair and we can close with in 7 days of viewing your property. We’re here to help you avoid the hassle and uncertainty of listing your home on the open market. Give McCright Properties a call today and get your home sold FAST.
MCCRIGHT PROPERTIES
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McCright Properties will purchase properties in any condition and any area. We close within a time frame that fits your schedule, use private funds to avoid waiting on loan qualification, and always handle the paperwork. Just our way of saying Thank You for choosing McCright Properties!
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