Determining the best asking price for your home involves a number of factors:
- Current activity of the marketplace: How many buyers are currently in the
market for a house like yours in your neighborhood;
- Recently sold properties: How much have comparable homes brought in the
marketplace recently?
- The terms of your sale: Do you want an all-cash deal? Are you willing to
take back financing? Must your buyer obtain “conventional” financing, or
are you willing to go FHA or VA?
- What value will an appraiser assign to your house? (The single largest
factor in failed transactions is an appraisal value lower than the sales price.)
How can you differentiate your house from other properties on the market that are competing
for the buyers’ eyes? Creative financing can be the key.
Rather than reducing the price, structuring a seller buy-down can expand the market for your
home while providing the highest net return.
Consult with a Residential Finance Specialist before you put your home on the market.
It could save you time and money.
Find an RFS designee in your area.