There might be many homeowners who are trying to sell their home quickly, but are not aware of how to go ahead. Perhaps, they have cleaned their home, applied a fresh coat of paint and re-arranged furniture. Many of them might have sought their realtor’s advice on how to improve their abode’s curb appeal, and transform the landscape. They have tried everything to make their home attractive and saleable, yet the ‘For sale’ signboard is still hanging at the front-gate, and no potential buyers have shown interest to take a glimpse inside. What to do in such a situation?
Possibly, the most common issue prevalent in today’s realty market is an inflated property value. Most of the homeowners would make the same mistake of ardently setting an unreasonable price. They need to know exactly how much they have spent on their home and what should the ideal price for selling it, after taking all the upgrades and renovations in consideration.
Now, homeowners might have one question going on in their minds – how to set the best price for the home? Most of the savvy buyers would consider a comparative market survey conducted prior to buying a property that they are interested in. On the contrary, the seller would be doing the same, with the motive to secure good negotiation price. A good realtor can help them in this regard. Another strategy is to become aware of the competition. It would be quite helpful to find out if there is an open house that sounds similar to the bid in the Multiple Listing service. One should check out what other sellers are bidding for. Once the survey has been done, one might discover that other seller’s floor plan is not at all comparable to theirs. Perhaps, the other homes might have extra storage space that could be a big catch to pull many buyers.
What if the home is priced too high or too low? Well, it is extremely essential to price the home appropriately to ensure that it gets sold off quickly. Thus, it would be better to consult an experienced realty agent before pricing a home. If the home is priced too high or too low than other competitors, then it could be really a terrific strategy. Many a times, there could be a situation when a bidding contest might have brought up the price up or down below the original asking price.
Now the question may arise – How to know if the price is fair or not? The answer to this question could be paradoxical. Well, it all depends on the current real estate value. In today’s realty market, most of the home buyers are really quick to cling to an offer that is much lower than what they had anticipated. However, there is nothing for a home seller to worry about. They should refrain from being intimidated and take their own time to consider their options. If they find “for sale” signboards around the neighborhood with “huge price reductions” tagged on them, then they might be in the epicenter of a downturn market, and thus they might be required to reset their asking price. A professional realtor can help them to make the best plan in the present situation.
There could be several pitfalls when selling a home, however, if the pricing is done right, then one can make a big difference of selling their home now, or wait till they find the big deal. Harji Realtors is one of the leading real estate agents in the region of Chandigarh, Mohali and Kharar. For more information on great deals in Sector 117 Mohali and the best Sector 117 Plots check out our website