5 Things You Should Consider When Pricing Your Home

5 Things You Should Consider When Pricing Your Home

When you finally sell your home, this is an exciting moment. After all,you’ve spent years making memories in this house, and now you can start a bright new chapter elsewhere. But reaching the point where you close a deal isn’t always easy. One reason why is because you have to price the home properly. If you price it too high, it could stay on the market for a long time; price it too low and you’ll miss out on money you could’ve used to finance your move. Don’t be that person. Follow these simple tips so you can price correctly and sell your house fast in Phoenix.

1. Do Your Research

Before you price your home, you need to know what the market is willing to bear at present. There are a lot of resources out there that can help you research. Use websites like Zillow, Redfin, and Realtor.com to get an idea of what comparable homes in your area are selling for. And don’t just consider the home’s current value—think of what it could be worth in the future (but be realistic).

2. Set A Realistic Price

Once you have a good idea of what the current market is like, it’s time to set a price that you’re comfortable with. Remember, if your goal is to sell your house fast in Phoenix, you can do this without leaving money on the table. Be sure to consider things like the neighborhood, the school district, and proximity to nightlife when pricing.

3. Check Out The Competition

Take a look at similar homes that have recently sold in your area and compare their prices. Not only will doing so give you an idea of what the market is currently willing to pay,you’ll also get a sense of what to expect (in terms of competition) when selling your home. Be prepared to handle a bidding war as well. This could drag the process on, but it may be worth it in the end.

4. Factor In The Upgrades

If you’ve put in a new kitchen or bathroom—or you’ve made other significant changes—be sure to account for these when pricing your home. These upgrades can add a significant amount of value to your home and make it more attractive to potential buyers.

5. Don’t Forget The Closing Costs

A home seller will usually pay between 6% and 12% in closing costs. It’s important to consider these when pricing your home, as these can significantly reduce your profit. In addition, be sure to set aside money for things like home repairs, painting, and staging.These costs can add up quickly too, so it’s important to be prepared.

Conduct relevant research and take into account things like the house’s current market value, the competition, and the upgrades you’ve made so you can set a fair price that attracts the right buyers. Then you’ll be able to sell your house fast in Phoenix.

We’re one of the popular cash home buyers in Phoenix, and we buy houses asis. We have extensive knowledge of the local market, so we can make a fair cash offer in 24hours, Accept it and you can close in 30 days or less. Contact us to get started!

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