Are you thinking about selling your house this summer? Of course, you want to get the right price for it, so make sure you read this blog post right away to learn how to sell your home for the right price this summer in Baton Rouge…
I’m going to make some enemies here, right off the bat. Everyone thinks their house is worth more than it is, mostly because people get emotionally attached to them. Because you have had good and bad memories, you have sentimental value in your house, which unfortunately, the next buyer will not. There is some good news though! This article will give you a few tips to get the highest price possible so the buyers value and your value will be close!
There are several strategies of how to sell your home for the right price this summer in Baton Rouge, and these are some of the most important concepts you need to know…
How To Sell Your Home For The Right Price This Summer In Baton Rouge
#1. The Right Price
First, you need to know what the right price for your house is. You might be wondering, “what is the right price?”. Is it what your neighbor sold their house for? Maybe your house has a bigger yard, does that make it worth more?
Usually, you can figure out the right price by looking at what houses near yours have recently sold for. Make sure you look at similar properties. If yours is 3 beds, 2 baths and 1650 square feet, a 2 bed, 1 bath 950 square foot house probably isn’t a great comparison. You also have to look at the condition of the property. If your house hasn’t been updated since it was built in the 60s, a similar sized house that was just remodeled will be worth much more.
Ultimately, the right price is the price that the house sells for. Too high of a price and it won’t sell; too low of a price and you’ll lose out. Most people start a little high and lower, but if you want to sell fast as opposed to for top dollar, you can reduce the price a little.
#2. Timing
Another aspect of selling at the right price this summer is timing. When people want to buy in the summer, they often want to be able to close and move in before their kids have to be in school. For that reason, you may benefit from selling quickly and offering a fast possession date. People value things differently, and quick sales with fast possession can be attractive to certain buyers and help you get better offers.
#3. Invest
Not in the stock market or cryptocurrency, although you can if you want. But most people want to buy a house that is move in ready. They don’t like projects, and will pay more for a house that won’t require updating or repairs.
A fresh coat of paint and new carpet or refinished hardwood floors make a big difference, however the big value is in the kitchen and baths. Think, neutral colors and clean finishes. You don’t want to turn any potential buyers off, just because you had the great idea to ask your 5 year old what color room they wanted and they said orange. Different upgrades work better in different neighborhoods, but a clean, move in ready house always sells.
Of course, this does mean you have to spend some money and time upfront, but it could be worth the effort.
#4. Negotiate
As mentioned earlier, the right price is the price that the house sells for. To get to that price, you should start your asking price higher and then be willing to drop it slightly to meet the buyer part way. Some people like negotiating, some people don’t. If you have a straight shooter who says I can pay $X amount, because of this, this and this, and that is my best offer, then you may not be able to negotiate. However, most people expect a little give and take and want to feel like they got a deal, so negotiating is a good way to do this.
You might not get exactly the price you want but the buyer probably won’t get the price they wanted either so you use negotiation to find a price in the middle that will work for both of you.
Summary
If you want to sell your house this summer, get the pricing right, remember that there are non price things that people value, invest in making your property move in ready, and prepare to negotiate. To help you do that, we’ve given you 4 strategies about how to sell your home for the right price this summer in Baton Rouge. If none of that appeals to you, we are buying as is and are happy to take a look at your house!