If you’re thinking about selling your house in the 30024 zip code (or anywhere in Georgia, one of the first things you’ll think about is selling price. How much is your home worth? But there’s one question you should understand first, and that is: How important is the asking price when selling a house in Atlanta Georgia? In this blog post, we’ll answer this question to help equip you when you’re trying to sell your house with or without a Georgia real estate agent…
When you want to sell your house fast in Atlanta, you should set an asking price that is comparable to the value of your home. 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 Atlanta Georgia?
An asking price is actually a very useful “tool” that does 3 things for you. Check out our post on “How To Set Your Asking Price When Selling a Home in Atlanta.”
How Important Is The Asking Price When Selling A House In Atlanta?
First, It Attracts Certain Buyers And It Repels Certain Buyers
There are buyers at every price point in the spectrum. 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 in Georgia 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.
Second, It Reveals Information To Buyers
The price of your house, in comparison to similar houses, will reveal information to potential buyers. For example, if you live in a neighborhood where the average sale price is $100,000, and you’re asking $75,000, what does that say to buyers? It says that your house may need some work or you need to sell your house quickly. And what if you live in that same neighborhood but ask $125,000? It might say that your house is superior to the other houses because of how you’ve decorated it. The price that someone pays for your property is based on the value of your home in comparison to other recently sold houses in your neighborhood.
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 local real estate agents that might represent them). The asking price simply puts a piece of information out there for negotiations to begin from. 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.
So, just how important is the asking price when selling a house in Atlanta Georgia?
It’s very important to help a house sell fast. But it’s not the only way to sell your home! 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!