Pocket The Profits The Secrets To Selling Your Seattle Home Above The Asking Price

Dated: 06/12/2018

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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

How to increase your profits when selling your Kenmore home

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. 

Homes For Sale in Kenmore

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

 

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