It’s one of the oldest questions in the history of real estate. You’ve got a property, and now you want to know: how much are you supposed to sell this for? Trying to price a house may look difficult at first, but it gets easier the more places you know to look. From talking to agents to considering cash for home buyers to looking at local markets, it’s easy to see how much money might be hidden within your property, and how much you should list it for when looking to sell your house.
Check Out Your Local Markets
The area around yours is one of the best ways to find out how much your home might be worth. If houses in your area sell for a lot of money, chances are that your home will earn you quite a bit as well. Your area showcases a lot of houses that are probably very similar to your own, and if they’re selling well, chances are that your home is going to sell too! However, the reverse is true as well- if you’re living in a run-down or dangerous area, people probably aren’t going to want to buy your home, and you may have to seek out other methods of sale. If your home is damaged, in a bad area, or just a little run-down, you’ll have a different luck selling than if your house were new, in a good place, or even just average. Keep in mind, though, that a run-down house in a nice area always sells different than a nice house in a run-down area, and that that can affect your sale just as much as anything else.
Talk to an Estate Agent
Estate agents always know the ins and outs of the trade, and they’re some of the best people to talk to when it comes to selling a house. It’s kind of their job to know what’s happening, and if you ever meet an estate agent who doesn’t know roughly what houses like yours are worth on the open market, it’s time to find a new agent. However, watch out for commission pricing when talking to an estate agent. Estate agents love to overprice homes to gain a bigger commission fee. Commission fees are how estate agents get paid– it’s a percentage of your total home sale that goes straight into their pocket. This can cause them to overprice homes, and when a home is overpriced, it takes longer to sell. While estate agents are a good resource to draw from if you just want to know how much your property is worth, take all of their suggestions with a grain of salt. Greedy estate agents can ruin a home deal.
Think About The Different Ways To Sell
There are many different ways to sell a home, and each one of them is suited to a different situation. If you have time on your hands and want to make a lot of money, consider selling with an estate agent. For many people, this is the obvious choice, because an estate agent will provide you with options to sell and help coach you through a lot of the initial selling process. However, estate agents are expensive, and you have to spend a lot more money making the house good to sell rather than just selling it. If you’re looking to sell cheaply and quickly, consider cash for homes buyer. These people and businesses will buy your home from you, and while it’s often for a little bit less money than an estate agent is offering, a cash buyer will get you money as quickly and painlessly as possible. You don’t need to worry about repairs or renovations, because cash buyers purchase your home in as-is condition. No work, no extra money– cash buyers are a great way to go when selling a house.
When you’re just entering the housing market, it can be difficult to figure out exactly how much your home is worth. It’s easy to calculate when you look at your own local housing market, though, and you can even talk to estate agents and cash buyers to get a quick and easy estimate. Choosing the right way to sell can even help maximise your profits from a sale. So get out there, and get ready to sell your home for as much as it’s worth.
Bradley attended Boston University where he received a Bachelor’s degree in Economics and Political Science as well as a Master’s degree in Business Administration from Columbia University Graduate School of Business (currently attending). He loves to write about everything business related.