If you’re pondering about selling your house in the 46802 zip code (or anywhere in IN, one of the first things you’ll think about is selling price. How much money 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 in Fort Wayne IN? In this blog post, we’ll answer this question to help prepare 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? Just how important is the asking price when selling a house in Fort Wayne IN?
An asking price is actually a very helpful “tool” that does 3 important 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, bigger 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 bad about this – after all, you don’t desire 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 assist 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. What if you live in that same neighborhood but ask $125,000? It may say that your house is superior, better than the other houses because of how you’ve decorated it. The appearance, even on the outside, can mean a lot to the buyers.
Third, It Is The Starting Point Of Negotiations
It’s very rare for a house to sell at precisely at 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 start from. As a seller, you may 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 Fort Wayne IN?
It’s very crucial to help a house sell. But it’s not the only way to sell your house! If you’re not really 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!