February 2019 Update SW Idaho Homes & Real Estate- Ada County- Boise, Meridian, Eagle, Kuna, Star Canyon County- Nampa, Caldwell, MiddletonHere's what you need to know about
Pocket The Profits The Secrets To Selling Your Seattle Home Above The Asking Price
Pocket the Profits: The Secrets to Selling Your Kenmore Home above the Asking Price
As a Seattle homeowner, you likely spend a great deal of time trying to figure out how buyers are thinking and what motivates them to make an offer. As a seller we all want to sell our homes above asking price, here are a few strategies that may help you sell your Kenmore home above the asking price.
Ask For Less
You may be surprised but pricing your home lower than market value can have an extremely positive effect on the offers you receive. This is because a low-priced listing will stand out and will draw more attention, which boosts your chance of a bidding war.
By attracting more buyers to come and look at your home, you will find more buyers who are willing to make an offer on your property. When they view your home, they will see its true market value, and are then more likely to make a higher offer in hopes of outbidding others. It's all about creating hype, and a low asking price will do just that.
Wait It Out
While it may be tempting to accept the first offer that comes along, it is usually better to wait and see what other offers come in. If you accept the first offer on your property you have closed the door to competition, and competing offers are what spark bidding wars which, ultimately, are what will lead you to receive more than asking. Currently it’s popular to list a Seattle property on Monday, hold a broker’s open and several open houses and look at offers the following Monday. You might want to stretch this out a bit longer to create more momentum going into the offer presentations.
Consider Who You're Selling To
Is your home better suited towards traditional buyers, or is it a valuable property for investors? If your home could easily be renovated and flipped, has high potential as an income property, or is in an up-and-coming neighborhood, it may be better marketed as an incredible investment property.
Investors expect a return on the money that they spend so are often more willing to make a higher offer - they know those funds will come right back to them.
Rock Your Renovations
There are several simple renovations that can add a huge amount of value to your home. The return on investment for a few small upgrades is often very worthwhile when your goal is to receive more than asking price.
Make sure the flooring, kitchen, and bathrooms in your home are updated and appealing, and if not, consider upgrading these areas first. If you're targeting investors, adding an income suite to your property may be the best investment you can make. Consider which kind of buyer you're targeting and what areas of your home need the most TLC, and choose accordingly.
To learn more techniques to successfully selling your Kenmore home contact Adrian Willanger at Kelly Right Real Estate.
Kenmore - Town vs. County Stats
Avg Price in Kenmore: $905,800 / County Avg $1,151,200
Avg Taxes in Kenmore: $5,700 / County Avg $7,500
Avg Sq. Ft. in Kenmore: 2,762 / County Avg 2,530
Avg Price per/ft2 in Kenmore: $328 / County Avg $455
Avg Walkscore in Kenmore: 39 / County Avg 37
Avg Year Built in Kenmore: 1990 / County Avg 1985
Avg Days on Website in Kenmore: 28 / County Avg 41
Adrian Willanger has been helping clients buy and sell Seattle area homes for the past 21 years – building a business based on the key principles of clear communication, attention to detail, client ....
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