If you’re thinking about selling your house in the 37901 zip code (or anywhere in TN, one of the first things you’ll think about is 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 Knoxville TN? In this blog post, we’ll answer this question to help equip you when you sell your house…
If you decide to to sell your home, the obvious question is what should my asking price be? If I choose to go with a local cash buyer like East Tennessee home buyers, how much should I expect to get for my home? Most sellers understand that their asking price and eventual sells price are two different things. So why set an asking price at all? Just how important is the asking price when selling a house in Knoxville TN?
An asking price is actually a very useful “tool” that does 3 things for you.
First, It Attracts Certain Buyers And It Repels Certain Buyers
There are more buyers and fewer homes available than at any point in recent history, regardless of price point. Higher price’s are the norm across the board and catching the attention of we buy houses Knoxville or other qualified buyers has never been easier! While a higher price point may be discouraging to low-end buyers, the fact of the matter is most everything related to real estate has gone up. With that said, it will most likely exclude many low to moderate home buyers.
While searching for cash home buyers near me may seem troublesome at the moment, this doesn’t mean housing isn’t affordable. You don’t want to waste your time trying to sell your house to someone who hasn’t been pre qualified or has no intention of buying. The right asking price can be used to help the right buyers see your house as a desirable purchase. This alone makes the entire process much easier.
Second, It Reveals Information To Buyers
Do your home work before deciding on a value . Your price should be relative in comparison to similar houses in your neighborhood. If your home needs some TLC for example, price it accordingly. If 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’s some TLC or you’re in a hurry to sell. On the other hand, let’s say you live in that same neighborhood but ask $125,000? Have you done enough updating to justify a higher than average asking price? If not, you might be looking to we buy houses Knoxville as an alternative solution. I think you get the idea. Do your home work and be prepared.
Third, It Is The Starting Point Of Negotiations
In todays market, it’s not uncommon for a house to sell at the sellers asking price. Most homes sold today involve very little negotiation between the sellers and the buyers (and the agents that might represent them). This is due to the current economic climate in the housing market. Most homes sold today are selling at or above the asking price! This leaves little room for negotiations to begin with in the first place. As a seller, your first reaction might be reaching out to East Tennessee cash home buyers and try to get a higher price.
So, just how important is the asking price when selling a house in Knoxville TN?
It means everything if you’re trying to sell a house sell. It represents just one avenue but it’s certainly not the only way to sell! If you’re uncertain about setting the asking price, or if you’d like to skip the sales process altogether, call East TN home buyers can get a cash offer from us!