If you’re thinking about selling your house in the 40202 zip code or anywhere in Kentucky, one of the first things you’ll think about is selling price, it’s important to understand the significance of your asking price. How much should you sell the house for? Your initial list price can help you stand out among competitors, set realistic expectations for potential buyers and even indicate when market conditions are favorable! In this blog post we’ll explain why setting an accurate asking price is so critical. But there’s one question you should understand first, and that is: How important is the asking price when selling a house in Louisville KY? In this blog post, we’ll answer this question to help equip you when you sell your house… – let’s dive right in to show how valuable the selling process actually is!
When you want to sell your house, you set an asking price. Of course, most people know that this is rarely the selling price – so why set an asking price at all? Just how important is the asking price when selling a house in Louisville Kentucky?
An asking price is actually a very useful “tool” that does 3 things for you.
First, It Attracts Certain Buyers And It Repels Certain Buyers
There are buyers at every price point in the spectrum. Whether you’re a high-end or low-price buyer, there’s something for everyone in the market. A higher price will catch the attention of higher end buyers (while it repels low-end buyers) and a lower price will attract the attention of lower-price buyers (while it repels high-end buyers).
There’s nothing wrong with this – after all, you don’t want to waste your time trying to sell your house to someone who has no intention of buying. So the right asking price can be used to help the right buyers see your house as a desirable purchase. Getting your asking price juuust right can be like putting out an invite to the exact group of people you want coming through your door – those who are excited about what they’re seeing and ready to make an offer!
Second, It Reveals Information To Buyers
The price of your house, in comparison to similar houses, will reveal information to potential buyers. A quick glance at the price of your home in comparison to similar houses can tell them volumes. In an area with homes going for $100,000 on average if you ask just $75K then it’s like screaming “value!” – but up the asking price beyond that and boom – purchasers know they could be getting something superior because of how you’ve decked out your dream house.
Third, It Is The Starting Point Of Negotiations
It’s very rare for a house to sell at exactly the asking price. All home sales are negotiations between the sellers and the buyers (and the agents that might represent them). Selling a house is an exciting process, and although the asking price serves as our wave-off point for negotiations between buyers, sellers and agents alike – it doesn’t have to be set in stone! The asking price simply puts a piece of information out there for negotiations to begin from. You start off with the asking price, but then work to get a higher offer from buyers who also aim for getting you down on that initial cost. As a seller, you might put out the price and then work on getting a higher price while your sellers start with that price but work on getting a lower price. You can get creative when negotiating on your home’s selling price – so aim high with confidence knowing that every offer begins from this starting place. It’s rare for a home sale to close at exactly the posted amount – so let the bargaining begin!
So, just how important is the asking price when selling a house in Louisville KY?
It’s very important to help a house sell. But it’s not the only way to sell! If you’re not sure what your asking price should be, or if you’d like to skip the sales process altogether, you can get a cash offer from us!
In Louisville KY, the asking price of a house plays an important role in the home selling process. It is the starting point for negotiations and can be used as an indicator for buyers about certain information about your home. Certain prices may attract certain buyers and repel other buyers so it’s important to understand how this works before listing your home. If you’re looking to sell your house fast then you should consult with a local real estate team who can provide you with expert advice on pricing your home in Louisville KY accordingly. Give us a call today to get in contact with our extremely experienced tech-forward team at (502) 461-1450! Our team is here to help you every step of the way. Let us relieve you of the emotional and financial stresses associated with selling a house by offering you a no obligation cash offer!