If you’re thinking about selling your house in Northern Kentucky and Cincinnati, one of the first things you’ll think about is the selling price. How much should you sell the house for? But there’s one question you should understand first, and that is: How important is the asking price when selling a house anywhere in Northern Kentucky and Cincinnati area? In this blog post, we’ll answer this question to help equip you when you sell your house…
When you want to sell your house, you set an asking price. Of course, most people know that this is rarely the selling price – so why set an asking price at all?
An asking price is actually a very useful “tool” that does 3 things for you.
First, It Attracts Certain Buyers And It Repels Certain Buyers
There are buyers at every price point in the spectrum. A higher price will catch the attention of higher end buyers (while it repels low-end buyers) and a lower price will attract the attention of lower-price buyers (while it repels high-end buyers).
There’s nothing wrong with this – after all, you don’t want to waste your time trying to sell your house to someone who has no intention of buying. So the right asking price can be used to help the right buyers see your house as a desirable purchase.
Second, It Reveals Information To Buyers
The price of your house, in comparison to similar houses, will reveal information to potential buyers. For example, if you live in a neighborhood where the average sale price is $100,000, and you’re asking $75,000, what does that say to buyers? It says that your house may need some work or you’re in a hurry to sell. And what if you live in that same neighborhood but ask $125,000? It might say that your house is superior to the other houses because of how you’ve decorated it. This is also the reason why some sellers overprice their homes.
Third, It Is The Starting Point Of Negotiations
It’s very rare for a house to sell at exactly the asking price. All home sales are negotiations between the sellers and the buyers (and the agents that might represent them). The asking price simply puts a piece of information out there for negotiations to begin from. As a seller, you might put out the price and then work on getting a higher price while your sellers start with that price but work on getting a lower price.
So, just how important is the asking price when selling a house in Northern Kentucky and Cincinnati?
It’s very important to help a house sell. But it’s not the only way to sell! If you’re not sure what your asking price should be, or if you’d like to skip the sales process altogether, you can get a cash offer from us!
Are you looking to sell your Northern Kentucky or Cincinnati house fast?
If you have questions such as: Do homes sell for more with a Realtor? Should I lower the asking price of my home? How much do you keep when selling a house? We would love to answer all of that for you! You may check Here to know what our clients are saying!
If you’d like to sell your house and skip the sales process altogether, then call our office at (859) 412-1940 or click here to connect with us. We’ll get back to you within 24-48 hours to make you an offer on your house.
We are passionate about working with homeowners anywhere in Florence, Fort Mitchell, Fort Thomas, Fort Wright, Hebron, Highland Heights, Walnut Hills, West Chester, Wyoming, etc. who want to sell a house sooner rather than later. We want to make sure that we provide only the best options and a hassle-free experience for you and your family.