There is no doubt that sellers tend to prefer the highest offer when selling their house. This will probably support their plans for financing a new purchase or their retirement. However, it may not always be simple to determine if you are getting a reasonable offer. Let us take a look at various factors that support your efforts to availing a reasonable offer when you are looking to sell your house.
Making comparisons with houses sold recently
It is a good idea to compare your property with recently sold homes with a similar size, condition and amenities. You would notice that a number of such properties would have been sold at the market price, which will be your benchmark when selling your house.
Drawing comparisons with houses not sold
Another wise move is to consider looking at houses that are still on the market despite being listed for a considerable time period. It is possible that these properties were overpriced could not be sold because the asking price exceeded what is considered to be a reasonable price. Comparing properties sold versus those still sitting on the market will offer you a fair idea about what is a reasonable offer.
Gauging market conditions
It is important to note that there are times when the housing market is conducive to house purchase and other times when selling houses is more favorable. Determining a reasonable offer price can be easier if you are aware of the current prices in the housing market and whether or not the market is progressing toward a decline or peaking.
Going by what makes sense
You would probably find it easier to determine if an offer price is reasonable if you use all the information available to you and judge accordingly. Be sure to carry out detailed research to ascertain if you are getting a fair deal for your house.
Be mindful of these tips when determining a reasonable offer to sell your house. You can get in touch with me for any assistance or advice about buying or selling a home in Greater Boston. Feel free to call me or send me an email or get in touch on Facebook.
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