When you’re a seller, one of the trickiest parts of the home selling process is choosing the correct list price. You can’t just select any price, if you overprice your home, it will sit on the market for a very long time, and if you underprice it, you will miss out on cash that you could have earned in the sale process.
There are lots of ways you could ruin the chances of selling your house quickly in Kansas City without even realizing it. The first one is pricing your home for way more than comparable homes in your area.
Your home is less likely to sell if you price it too high. Leaving a little negotiating room isn’t a bad concept; it is actually expected by almost everyone; however, you should not go beyond a certain limit.
We have put together a list of the possible dangers when overpricing:
Pricing your home for a price higher than it’s worth will intimidate prospective buyers from making offers. Most buyers will choose not to spend their time and energy making offers if there is a significant difference between the asking price and the current market’s value. Fewer offers usually mean a house will eventually sell for less, and for less desirable terms.
Overpriced homes are less likely to be viewed by potential buyers. Buyers search within a price range when looking for a home and if your house does not come up in their search they will not even inquire about it. If you are not cautious when setting the price, you can scare off the best buyers before getting a chance to show them your house.
As days on market increases your chances of getting close to your asking price decrease. Buyers feel like they can negotiate far more with someone whose home has been on the market for a long period of time than with someone that has just listed his/her house. Overpricing a home does not lead to a higher sale price; it is the exact opposite. A good price point that is relative to nearby homes that are comparable to your home will ensure that buyers become interested faster.
Listen carefully to what the market will bear. Take a look at the comparable real estate sales data in your neighborhood and take into consideration all available options. Be realistic in your pricing, and accomplish your ultimate goal of selling your home.
If you are looking for someone to buy your Kansas City house fast you should consider selling to a cash home buyer over a traditional buyer as it has some key advantages:
In order to sell to a traditional buyer, that buyer has to be found; a process that can take months. A regular buyer also needs to wait for the bank to decide whether they can get a loan. Once bank gets involved the endless stacks of paperwork begin potentially delaying the closing. Fortunately, you don’t have to wait; home cash buyers such as Cash Offers for Kansas City Homes will usually pay cash and can close in as little as 9 days, which is a huge advantage if you’re looking to sell quickly.
Most home cash buyers are willing to offer flexible arrangements. For example, they might be willing to take over your mortgage, which is another important upside if you are underwater and trying to sell your house fast.
If you want do want the hassle of finding a buyer for your home give us a call at (913) 701-3838 or fill out our form we can make you a fair cash offer within 24 hours.