Find your house !

You have finally decided to sell your house. All the necessary details in selling the property have been taken care of, next is setting the price.

Do you start your price High? Low? Average? This is an agony for many sellers. But don’t worry Ujenziplan have got you covered.

In today’s shifting real estate market, where more houses are begin built and showcased into the market. It’s key to price your property at the right price so as to get more clients for your house.

 THERE ARE 3 PRICE STRATEGIES THAT YOU CAN USE;

1 Pricing the property above the sale price giving room for negotiations.

2 Pricing the property with the correct price

3 Pricing the property just below the market price

 1 PRICING IT ABOVE THE MARKET PRICE:

 Advantages

  • One can be able to get a higher offer than the market price, hence more money

Disadvantages

  • Many buyers will skip the property due to high price as compared to others
  • Low viewing will be noticed, if you have an open house
  • Serious Offers for purchase will be hard to come buy
  • Agents/Realtors will not put a lot of effort in selling your property since it’s overpriced
  • Your property will stay longer in the market before its sold.
  • It will take more money and effort to market the property.
  • Since the property is overpriced the legal fee will also go up.
  • There will be a lot of negotiating since its overpriced plus there is room for it

 2 PRICING THE PROPERTY WITH THE CORRECT PRICE

 Advantages

  • You will have a lot offers on the house
  • Most Agent/Realtors will be willing to sell take your property
  • If you do an open house you will get lots potential clients
  • It will be very easy to sell the house by yourself
  • Agents will be motivated to take and sell the property faster
  • There will be low haggling over the price
  • The legal fees will be with in the market price.

Disadvantages

If in your neighborhood a seller lowers their price then they will opt for that option

You will sell the house at the market price.

PRICING THE PROPERTY BELOW THE MARKET RATE.

 Advantages

  • Your house will get a lot of offers
  • If an open house is done, there will be a lot of potential buyers coming in
  • Many Agent/Realtors will want to sell the house
  • It will be easy to market the house; one will not need to spend a lot of money
  • The legal fees will be lower than the market rate.
  • Marketing the property will not take a lot of money or time.

Disadvantage

  • People might think the house has got a problem due to the low price
  • Some people might think that the house is of a substandard make.
  • One might be willing to give an offer but the client might be undecided due to the price factor.
  • One might get a low offer since the buyer feels you are desperate.

  As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!

 As time goes  by more property  will  come into the  market .This means that the demand for homes to buy is still very strong throughout the country.Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in reality nothing was wrong, the price was just too high!