Did you know that summer is the best time to sell a home? Even if you've planned the best time to sell, there are still plenty of factors that go into listing your house.
Many first-time sellers struggle to find the perfect asking price. So, how can you best price your home in Yuma, Arizona?
We're here to help you discover how to price your home in Yuma. Check out the tips below to learn more!
Price to Be Compatible with Search Engines
Often when buyers or agents are searching for listings, they will search within certain parameters. For example, a buyer might cap their budget at $300,000. This means that if your home is listed at $302,000, it won't show up in searches that fall under clean cut-off marks.
It's important to research price points and understand how buyers search for listings. For the most part, you can assume that price points fall at every five or ten thousand dollar mark.
Make Comparisons to Learn How to Price Your Home
When deciding how to price a house, one of the first things you should do is investigate nearby listings.
Consider how much houses in your specific neighborhood sell for. If you live in a neighborhood with more amenities, for example, chances are the houses will run for a higher price.
Additionally, look at listings for other houses in Yuma with a similar build to your own. Houses with the same number of rooms that are similar in quality tend to be around the same price, so you can get an estimate for your own price through research.
Competitive pricing is important because it will give buyers a sense of the quality of your home before they view it. Too high of a price will drive buyers away. By contrast, a price that's much lower than nearby homes will make buyers suspicious of the quality of your home.
Consult an Agent
When choosing an agent, it's best to stick with someone local. A real estate agent familiar with the Yuma area will best be able to price your home.
Price with Flexibility in Mind
There is a high chance buyers won't offer your asking price. Since buyers tend to pitch offers lower than the property sell price, you might consider bumping up the asking price just a little bit than you actually want when you first list it.
Keep in mind that too high a price will keep buyers away. If your house sits on the market too long, you will have to keep dropping the price. If it gets too low, buyers might wonder if there's something wrong with the house that's keeping it from selling.
Be Smart When Pricing
It can be difficult to know how to price a house to sell, but the tips above will help you get started with your house-selling process. As long as you are realistic and do your research, you'll have no trouble appropriately pricing your home!
Check out the rest of our website for more articles and information on real estate in Yuma, Arizona!