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How to price your home to sell

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How to price your home to sell

Sellers will always want to get the best price for their home, especially now during these difficult times. No seller would like to negotiate for less than the asking price but sometimes they are left with no choice. However, there are ways to price it reasonably and here are some tips how to do it.

To stay competitive, try looking at other homes in the same area and how much they are selling for. Pricing your home within the same price range will keep you in the game if your property has just about the same features. Buyers will often go for the lesser cost for identical homes.

You should also price your home based on what it is worth or more. An appraiser will easily tell you what a good going rate is for your home. From there you can add to make a profit but remember to keep the deal negotiable in case a buyer asks for a better deal. You don’t want to be at a loss after selling your home unless you are a distressed seller in some sort of emergency.

For direct buyers, you can also deduct the commission from the selling price. The 6% discount can sometimes be enough to attract a buyer.

The market now is difficult to predict and yet it is very slow because of the failing economy. Selling prices would most likely be higher if you could wait until a better time where the economy is much stronger. That way, you can get back what you bought the house for and with a big profit with it. Otherwise, you’ll have to stay competitive with lower rates.


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