There is also the fact you can take a lot of satisfaction in obtaining a high price for your home, especially if you managed to get more than other vendors in your local area.
At Austin Property Services, we are pleased to say we have helped many homeowners sell their home for a great price. We have developed a good understanding of what you need to do to sell your home in an effective manner, and here are some of our top tips for getting the best price for your home.
You need to price your home competitively
It stands to reason that you need to charge a competitive and realistic price for your home. If you price your home at a low level, you may sell it quickly but you are going to lose out on money. If you are price your home at a high level, you may struggle to generate any interest in your home. Therefore, it makes sense to assess the market while having your house valued, as this will help you to price your home in an appropriate fashion.
It is important to remember that house prices aren’t just determined by the condition of the home alone. The demand for homes in your area and the supply of homes similar to yours will impact on the price buyers are willing to pay, so you need to consider this aspect of the market too.
Can you price your home strategically?
Finding the most appealing price for buyers isn’t just about the value of your home, you need to consider what sort of price appeals to buyers. In this regard, there is a lot to be said for considering the psychology of pricing.
If you consider the price of many products, you will find that they are priced at just under a notable level. As an example, how often do you see a product priced at £9.99 and how often do you see a product priced at £10? The £9.99 level is more popular because it convinces people that the product is more affordable, coming in under the £10 mark, whereas it offers a minimal, and sometimes inconvenient, saving.
While you aren’t going to price a home at a penny below a major mark, you should consider the impact you can have by dropping a small amount from your price. In the grand scheme of things, you may not receive much difference when selling your home for £224,900 as opposed to £229,900 but it could generate a lot more interest from prospective buyers.
If you are flexible, you should also consider listing your home with a value range, perhaps stating that you are open to selling your home between £229,900 and £239,900. Many buyers will come in at the lower end but if your home is in demand, the price range may encourage a buyer to make an offer nearer the higher end of your price range.
Get feedback on your house
It is also very important to get feedback on your home and find out what prospective buyers think of your property. You and your estate agent may have a clear idea about what your home has to offer, but this isn’t to say that buyers will agree. Not all feedback will be useful, but having this information at hand will help you to make improvements based on a buyers’ perspective.
Hire the right estate agent
It should go without saying that the right estate agent can make a massive difference when it comes to selling your home for the best price. The right agent knows who to promote your house to, how to reach them and then market the home in an effective manner.
If you are looking to sell your home, contact Austin Property Services and we will be more than happy to assist you. We’ve helped many local homeowners sell their home in an effective manner and we look forward to helping you move on for the best price.