How much should a seller ask for their home?

When we put our home on the market, all of us want the best price for it. However, many sellers do things which drag down their home’s price, thus making them end up having less money than what their home really deserves. Making an offer on your home can be intimidating and includes a lot of risks too. That’s why you should play your cards carefully before setting the right selling price for your home. Simply put, it’s all about picking the right price tag for the home. Here, we present some key factors that you should consider before putting your home for sale at the appropriate price tag.

  • Market: One of the major factors that controls you home’s price is the housing market in your vicinity. Remember that it can be significantly different from the housing markets of your city, state or nation. If you find that there’s a high demand but not that many homes for sale up in your vicinity, you can think of setting a higher price. However, if you find there’s an excess of similar homes, you should price it extremely competitively.
  • Condition: Condition of your home significantly impacts your home’s price. Most of the buyers don’t want to purchase fixer-uppers. Thus, it’s advisable to set the price little lower if your home has deferred maintenance and significant repair issues. Alternatively, if you can wait and afford, you should engage a home inspector who’ll be able to provide you a complete report of everything that requires maintenance, upgrading or repair. Then you can work with your real estate agent to prioritize the items, call the service providers, get the jobs done and ask for a fair price.location-1244030_960_720
  • Location: This is one of the biggest deciding factors for a home’s selling price. In fact, identical homes situated just a couple of blocks apart from yours can significantly lower or higher the price. Availability of location specific conditions like freeway-access, traffic, views, sun exposure, crime, noise, vacant lots, neighboring homes, surrounding rentals, access to high-end schools, shops, parks, restaurants etc always help to bring a higher value for your home. Otherwise, it’s advisable to lower the price, especially if your home is situated in a less desirable area or has its vicinity full of nuisance.
  • Dirt and grime: If the yard of your home is unkempt, your home is messy and the home’s windows are grimy, most likely you’re not going to get the best price. Majority of the purchasers will have difficult times getting past the initial negative impression. Additionally, if you’ve a dark first floor or compartmentalized rooms for sale, those too would bring the price down. Potential buyers want bright, open and airy homes. If your home has a number of small or dark rooms rather than a standard and larger open space, it means that your home would be considered as less desirable and you should set the price lower than the average.

Now, when you’ve understood the four key factors that significantly contribute when it comes to setting the selling price of your home, work with your real estate agent and set the price judiciously, which would help you to sail through the deal smoothly.

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
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I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
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Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
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Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
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Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
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I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
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Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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