• Negotiation of the final price — Suspicions on a low-priced home lead to lowball offers, and if you’re in a hurry to sell, you will lose a lot more money than you expected. Further, as soon as your home is listed, changing it to a higher price later might lead to no sales. So you’re either stuck with the low price or don’t get a buyer. Knowing how important prices are, let’s look at some research. This will give some intel on how to set the right price. Range Estimated House Value vs. Suggested/Preferred Selling Price
< $100,000 = $97,000 < $160,000 = $157,000 < $200,000 = $197,000 < $300,000 = $297,000 < $500,000 = $497,000 < $800,000 = $797,000 < $1,000,000 = $997,000 < $1,500,000 = $1,497,000 < $2,000,000 = $1,997,000
You can guide your price based on the above table, but it’s best to leave it to an expert. Don’t take a risk on something as major as a house sale!
4
Powered by FlippingBook