A home that sells quickly, sells for more money. That’s why 2 out of 3 home sellers chose to sweeten the deal by paying a portion of closing costs and offering price concessions on their homes for sale.
What type of price adjustments or concessions can you make when selling your home?
- Price – This one is the most common, but most difficult to make. People automatically think if they reduce the price on their home, then they will make less money. This isn’t always true. The longer your home sits on the market, the lower the public will think your home is worth. Also, don’t forget about the mortgage payments and property taxes you keep paying while you wait to sell your home. Besides, you are probably looking to buy another home and the only thing stopping you is selling your current home.
- Closing Costs – Closing costs can be a killer to home buyers since they are already having to pay a lot for their down payment. In order to sell your home faster, offer to cover a portion of the home buyer’s closing costs.
- Home Warranty – Even in the best home, things can go wrong. A home warranty can be a huge motivation to a home buyer. Home warranties can cover plumbing issues, air conditioner problems, and even broken appliances. The price of a home warranty depends on the type and size of home, but usually range between $350 and $500 and is well worth it.
Simple price adjustments and concessions can help you sell your home faster and for more money in the end. Don’t forget about all of the hidden costs of keeping your home on the market.
If you are ready to sell your home or have any real estate questions, please don’t hesitate to .
It's more than real estate. It's RAYL-Estate!
Brian Rayl - Keller Williams Realty
Have you considered buying luxury homes?
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Children's Medical Center through "Homes For Children's".
