6 Tips to Competitively Price Your House

If you are a first-time home seller or someone who wants to sell their home without a real estate agent, your major homework is to identify your property’s worth. Pricing your house is not a guessing game.  It should be done systematically with a basis to come up with the right and competitive price that will entice more home buyers to purchase your house.

How to Determine The Price of Your House?

Does it sound intimidating? Don’t worry! We will help you price your house right to competently close a deal with the right home buyer. These 6 tips can help you identify your property’s value in no time.

competitively price your house we buy houses1. It’s all about you

Identifying the price of your property for sale is one of the main agonies of home sellers. If you are done with your home improvement projects and have put everything in place to competitively sell your house in the market then decide on your property’s worth.

Make sure the odds are in your favor, not to the real estate agent or someone, in coming up with your price.

competitively price your house we buy houses2. Do not easily trust on the valuations by real estate agents or mortgage lenders

Real estate and mortgage agents will give valuations of your home. However, don’t just easily rely on their assessments as their pricing criteria may be in contrast to yours.

Mortgage valuer, especially those that are not local residents of your place, may base their valuations on the statistics provided by the Land Registry or other house sales information sources, which are actually unreliable.

On the other hand, local agents might suggest higher valuations. But beware; their goal might not sell your property fast but to win your trust for you to hire them as your professional real estate.

competitively price your house we buy houses3. Do an intensive market research

Whether you are planning to sell your home yourself and just need to price your property correctly, it is necessary that you study and research on the local house prices.

Turn yourself into an expert. Identify the number of houses sold and still for sale in your area with the help of Mouseprice, Rightmove, and Zoopla. You can also visit real estate websites to check on the latest asking price within your place. Or find comps for your house to determine the best selling price of your property.

Observe the movement of the housing market. Is it falling or rising? Is there a glut of sellers or buyers? Identifying these data can provide you with the house trend prices in your location.

competitively price your house we buy houses4. Assume negotiation beforehand

Price your house accordingly. Make sure you are ready to compromise at least 5%-10% of the total selling price. Set an adjustable price for possible negotiations. But if you want to get off those hefty commissions, you can either sell your home yourself or engage with a cash home buyer.

Read: A Guide to selling your house without a real estate agent.

Remember that pricing too high or too low has risks. Beware of your price scheme and always settle for a competitive rate.

competitively price your house we buy houses5. Plan your marketing strategies

There are different ways to market your property. Plan for strategies that can help you sell your house fast like posting for sale signage outside your house, printing out flyers, posting on social media, or schedule an open house.

Read: 12 Ways to Market Your House for a Quick Sale

You can also tap your real estate agent to work on the marketing, however, assess their stratagem. Remember that you are not totally compelled to accept all his recommendations.

Different countries use different strategies so make sure that you adapt the ones that are proven effective in your location.

competitively price your house we buy houses6. Decide on your timeline

Do you want to sell your house quickly or you can afford to take it slowly? Your selling price can also depend on your sale timeline.

For an instance, if you want to sell fast then you have two options. It is either to lower your house’s selling price or ask prospect buyers for sealed bids.

Once you put your property into a “price to sell quickly” option, expect a flock of home buyers and real estate agents as this strategy can immediately seal a deal.

On the other side, if your house is on demand and when the market is hot, asking for the “best and final offers” can help you sell fast. This approach is effective. Home sellers usually receive good offers, often considerably above their asking price.

However, if there’s no need to sell your property quick, you can either price high or low depending on your goal. But the risk is it might sit longer in the market, which might blight a negative impression from buyers.

Read: When is The Best Time to Sell Your Home

The final selling price of your house always depends on you. Make sure you don’t oversell or undersell. Consider the above criteria to come up with the best and most competitive price for a quick sale.

The Home Buyers provides a fair and just price your property. Just fill up our request for a quotation form with all the details required and we will respond to you as soon as possible.

We value your home so you are guaranteed of a fair and competitive offer. Contact us now and let us close the deal in just 7 days.

Should You Sell Your Home Before You Buy a New One?

You want to sell your house. Everything is ready. The improvement projects are done and you just need to list your property. However, after these preparations, you just realized that you are not yet set for the future. Where will you move after? What’s waiting for you?  This made you think; would you sell your property or find a new home first?

How to Buy a House Before Selling Yours?

 John Smith, CEO at Inspired Finance Group Pty Ltd, says “When and whether to sell first then buy or vice versa is the eternal question and this can depend on whether it is a buyer’s market or a seller’s market, whether you can afford a bridging loan, or have enough equity within your properties to capitalize on interest.”

Several things must be considered in buying or selling a house in Washington DC. It is necessary to build a strategic plan and clarify your goals. And let’s hope luck will be showered onto you during the process.

Most home owners sell their home before buying a new property. But admittedly, it equally offers risks and great advantages as well. Here are 6 things you should know about selling your home.

Should You Sell Your Home Before You Buy a New One we buy houses

1. You stand as a more reliable buyer than any other because you have available funds to finance your new property. Home sellers prefer a buyer with cash on hand rather than those who depend on the chain, where you still need to sell your existing house before you buy a new one.

2.  You will avoid gazumping. You will less likely to meet possible buyers that will back off from their promise after committing on buying your property on a certain price because they learned you are engaging with a property chain.

3. You don’t rush to sell your house. You are in control of your property’s sale and not pressured by anything else. This helps you find a better property sold at a very competitive price.

Should You Sell Your Home Before You Buy a New One we buy houses

4. You are confident in buying your new house as you have money ready in the bank and you are no longer dependent on the sale of your existing property.

5. If you don’t buy and transfer to a new property as quickly as possible, you may end up renting a room or house until you finally sold your property, which can cost you a lot. You can wait until the real estate market falls, you can definitely shop for more affordable houses.

6. You may spend a lot for a house rental. House market fluctuates. It can either go up and down and you might end up being undersold so watch the market carefully to guarantee that you are selling at the right time.

Should You Sell Your Home Before You Buy a New One we buy houses

Lisa Montgomery, the former head of marketing and consumer advocacy at Resi, warns home sellers about selling their property before scouting for a new house. “One of the hurdles you have to get over when selling before you buy (and renting) means that you’re doing a double move – and also you’re getting out of the market and it can be hard to get back in. So you need to have your finger on the pulse so you don’t miss out on the same market,” explains Montgomery.

Selling your house then founding a new one may be daunting and stressful but it is much better than being undersold and gazumped.

Why not engage with a cash home buyer to sell your house fast and get a new house in a breeze? The Home Buyers can seal the sale within 7 days.

Avoid the hassle of deciding which one comes first— selling or buying your home. We don’t want you to take this risky step. Fill up our form and we will contact you now. We price every property right!