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Saturday, November 23, 2013

Pricing Your South Florida Home for a Speedy Sale

Selling a home in a rush is never desirable, but you might be under a certain scenario where it is required.  The most important thing in selling your Florida home quickly is finding the right price. Setting the price too high price will reduce the buyer’s interest but of course you don’t want to set the price too low, either. Here’s how to find the right price in selling your South Florida Home: 

First would be completing all repairs needed in the house.  The areas in your home that needs repairs should be addressed to get them out of the way, making it easier for the sale to happen.



Feature your home in best light possible if you want to sell it quickly – meaning you have to work on all major repairs down to even the smallest detail to make sure they disappear from the picture.  Working for this changes and repairs can have a great impact on the ultimate selling price.

Next would be familiarizing your competitors within South Florida area. Search and filter the listings for homes in your area and look for any open houses and attend it. Take note and get a feel on how the homes are being listed in their respective neighborhood – like which features of the home give the most value to the property.

It’s also a good idea to consult to a professional to evaluate your home. Most homes are usually appraised before being sold anyway, and having a certified appraiser look into your home will give you an unbiased opinion of your home’s value. Usually having a recent certified appraisal can also encourage buyers to close a deal quickly.

Having done those steps will make you ready to set the value of your home. There are different approaches to setting the price for a home, but they share a few things in common. Each generally takes into account average prices paid in recent comparable South Florida sales combined with the appraiser’s feedback. To sell your home speedily, consider setting your price three to five percent below that formulation. While this may seem unnecessarily low, the idea is to encourage immediate interest from multiple buyers, setting up the potential for competing offers. One thing is nearly certain: a lower-than-average price will get more buyers through your door!

Interested in selling your South Florida area home? Call me and let’s talk. http://www.lifestylestechteam.com

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