How To Set Your Asking Price When Selling A Home In Lorton VA

How To Set Your Asking Price When Selling A Home In Lorton VA

We buy houses in Lorton Virginia. We are your local Lorton VA home buyers, and we offer cash for houses in Lorton VA. There is a lot of work that goes into figuring out the asking price of a home (heck there is a whole profession to value homes) that involves knowing the value of your home as well as the current local Lorton VA market. When selling your home in Lorton, you will obviously want to get a great price for it. However you don’t want to price too high, and scare off potential buyers, nor do you want to price too low, losing out on thousands of dollars. This is also a common problem when selling your home by owner in VA. Make sure to contact a professional if you choose to do that.

There are proven methods and strategies we would like to share in this article. Keep reading to learn how to set your asking price.

Setting Your Asking Price When Selling In Lorton VA

Know The Lorton VA Market

Know Your Market to Set Your Asking Price

Do some research and find out what comparable homes are selling for in your area. Take a look at seasonal trends, and if you have the time, list your house at a time of year when prices are typically higher. Look up homes that are actively listed on the MLS, Zillow and for sale by owner sites.

Take note of how long the properties have been listed. Are they staged? If so, check out our latest blog post on staging tips to help your home sell fast!

If a home has been on the market for awhile, it is likely priced too high. Think about supply and demand, if there are many homes on the market, buyers will be at an advantage.

In addition, you can ask a couple of realtors for a more detailed CMA. (Comparative Market Analysis.) Many realtors will offer this free of charge, as a marketing technique. Requesting a CMA should not put you under any obligation to the realtor. Who knows, they might even have a buyer for you.

Be Realistic In Lorton VA

You might have a price in your head of what you want to get for the home, but make sure this price is realistic. Buyers are savvy, and depending on your market, they may have a number of options.

They want to get a good deal and find a value just as much as you want to get a good price for your house. The trick is to find that sweet spot. You don’t want to price your home too high and have to make multiple cuts to the price.

These price drops will show on the MLS, and repetitive price changes can make you look desperate or indicate that something may be wrong with the house. A good rule of thumb is to allow for only one price drop if absolutely necessary.

To make sure your asking price is based in reality, it might be beneficial to have a professional appraisal done.

Ask Opinions Around Lorton VA

In addition to asking realtors for a detailed CMA, you can also ask friends, neighbors, and family. Ask for their opinion and see what they would pay for a home like yours.

Getting multiple opinions from a variety of people can help you find a middle ground as well as help you find additional selling points you may have overlooked.

There Can Be More To It Than Just The Final Sale Price

Maybe you can offer a lower price for the home, however, the buyer has to pay the closing costs. Or maybe you can get your asking price, so long as the furniture comes with the house. Some homeowners will invest in home upgrades for the buyer and pass the cost along to them.

You do have some bargaining power when finding the sweet, sale price for your home. With some clever strategy, you will be able to find a price that works for all parties.

We Buy Lorton VA Houses

We buy houses in Lorton VA. If you are trying to determine the asking price of your home and working with a realtor, we want you to know that it’s not too late to receive a cash offer for your home from The House Guys. Our cash offers come with no obligations, so instead of paying commission to an agent, you can figure out if our method is the preferred way to sell your home. Come check us out! (571) 207-5171

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