Setting a Fair Asking Price For Your House in Bergen
Quit searching, “sell my house fast Bergen County”, on Google, and start doing something about it.
Is probably what most would tell you, but, as per your personal experience, selling your house in Bergen is much easier said than done. It’s a tough market out there. But, while that is indeed true, you’re probably not helping yourself by setting too high of an asking price for your property.
The thing is, selling Bergen County real estate properties all boil down to one thing – your price.
Below are tips that you can follow so you can set a fair asking price for your Bergen County real estate property and improve the chances of it being sold as soon as possible.
Do Your Research
Look at the seasonal trends, comparable homes in your area, and the prices that they are fetching for and at what time of the year. More importantly, look at how long the houses have been on sale for, and take note of the houses that sell fast, such as their price, how they looked, what their condition was, and so on.
A huge red flag to watch out for is if the house has been on the market for too long. That’s a big indicator that it was priced too high.
Also, you’ll probably be able to find a realtor willing to give you a Comparative Market Analysis free of charge. Just remember that by asking for one, does not mean that you are obliged to work with them. It’s free, so use it. Although, if they do have a buyer for you, you might want to work with them instead for a smoother process.
Set Realistic Goals
Just like with everything else in life, it pays to have your feet grounded in reality. Sure, you might think that your house should be selling for more, but, if the price is too high, then don’t push it.
Remember, just like if you were buying a house, buyers are looking to get the most out of their money and if your house is too expensive, then it’s not a cost-effective buy for them.
Look at it from your buyer’s perspective. Is your house priced right? Can they live in there immediately without doing any renovations? More importantly, will your house pass an inspection as it is?
Setting too high of a price for your house can end up backfiring big as well. In fact, many houses listed for a higher price that end up going through numerous price ranges are often sold way below market value because buyers know that the seller is already desperate. As a seller, you should only adjust your price once, at most.
To check if your asking price is realistic, try asking for a professional appraisal for your property.
As a final word of advice, keep in mind that it’s not always about the final sale price when selling a Bergen County real estate property. For example, you can offer to sell your house for a lower price, but the buyer has to take care of everything else, and all you need to do is sign.
With some clever maneuvering, you should be able to work out a deal that favours both you, the buyer, and the seller.
But, if you want to cut to the cash and sell your house as is without going through all the trouble of looking for a buyer, you can contact cash buyers like Cash Buyer New Jersey, where we buy houses without requiring any renovations done on a cash basis.