How To Set Your Asking Price When Selling a Home in Seattle

There is no doubt that you will want to sell you’re Seattle home for a really good price. What you don’t want is to set a ridiculously high price that will put potential buyers off and on the other hand, you don’t want be losing money by pricing way too low.

This blog will help you to set a more realistic asking price. 

Know Your Market

Know Your Market to Set Your Asking Price

Start off by researching homes in your area to see how the prices differ. Check out listed homes on the MLS, Zillow and sites that have homes for sale by owner. Homes that have been on the market for a long time are more than likely overpriced.  The best time of year to list your house on the market is when the prices are typically higher in the summer.

For a more professional approach, you can get a detailed CMA (Comparative Market Analysis) from a couple of Realtors. Most Realtors will offer this service as a marketing technique for no charge at all. The Realtor should not put you under any obligation for requesting a CMA. It may even work in your favour, you never know, they may even have a buyer for you.

Be Realistic

Be realistic about pricing your home. Buyers are savvy and depending on your market, they may have a few other options. Just as much as you want the best offer for your home, the buyer also wants a good deal.

When listing your home, try not to over price and then later down the road, find that you have to drop your price on more than one occasion. Price cuts will show on the MLS and may come across as desperation or even worse, it will make people think that there are underlining issues with the house. If it’s absolutely necessary, try to only limit yourself to one price drop. It maybe beneficial to get a professional appraisal, just to make sure you’re pricing is realistic.

https://www.thebalance.com/pricing-houses-to-sell-1798968

Ask Opinions

There is no shame in the game by asking for other people’s opinions.  Pretty sure everyone wants to know the big question, “What would you pay to buy my house”.  Ask family, friends and neighbours, the more the better. It may help you find some sort of middle ground and by getting multiple opinions may also uncover selling points you may have also missed.

There Can Be More To It Than Just The Final Sale Price

You can also consider some different strategies when coming up with the final sale price for your home.  Potential buyers maybe more willing to pay the closing costs, if the offer is lowered. Or you can even bargain with your furniture, if it means you will get the full asking price. Bargaining power goes a long way and could help you sell house fast by coming up with a price that works for everyone.

If you have any questions about buying or selling property in the Seattle area, fill out this form, and we will be in touch right away! Or call our office directly now! 206-231-5864

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