3 Strategies For Setting Your St Cloud Houses Asking Price

Dated: 03/12/2018

Views: 166

Selling your St. Cloud house for the best price sometimes involves a certain amount of luck, but it’s the kind of “luck” that’s a lot more likely when you’ve set out the welcome mat for it. In addition to strategic home preparation and a solid marketing push, selling your St. Cloud house for the best price also has to do with where that price starts out: that is, the asking price.

Once you have a clear idea of the professional opinion of its market value—that is, a price that aligns with the latest comparable sales data for similar St. Cloud homes—you have three alternative strategies:

You can set an asking price as close as possible to what the comps suggest. After all, it’s reasonable and defensible—and lenders are likely to agree if a home loan becomes a contingency in the final sale. A possible downside is that it will be more difficult to stand out from the crowd since many comparable properties may be priced at the same level. It can also prove necessary to compromise with buyers who assume any asking price is an opening bargain position.

Or, you can set the asking price higher than what the comps indicate in the hope that a buyer who isn’t too economy-minded will fall in love with your place—or the strategy might be to make a final agreement more likely by leaving room for negotiation. The downside is that if a sale fails to materialize, lowering the asking price later can be costly: those reductions (especially multiple reductions) are like properties that linger on the market for a long time: they suggest that something is wrong (even if the only problem was the asking price).

Alternatively, you can set the asking price lower than have comparable rival properties. The strategy here is clear enough: the expectation that serious house hunters will become interested. Very interested. Fascinated, in fact—especially in a market where supply is tight. The most serious prospects—the ones who know the market—will be expected to hurry to beat the others to your door. In the best case, this can result in a bidding war, resulting in higher-than-asking offers.

Selling your St. Cloud house for the best price has another proven hallmark—one I’m pleased to pass on. The median selling price for homes sold with the assistance of a Realtor® like me is significantly higher than for those where the owner decided to go it alone. Currently, the final sale price averages $59,000 more for the typical home sale (per the NAR). For St. Cloud sellers interested in getting the best price, the implication is clear: call me!


Five Locations To Serve You!!!

St. Cloud (320) 259-4554

Litchfield (320) 298-1140

Hutchinson (320) 455-9127

Milaca (320) 983-3555

Maple Grove (763) 565-2000


Image result for price to sell your house

Blog author image

Noel Johnson

Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten years of purchasing & managing several rental properties, while assisting friends & clients with bot....

Want to Advertise on this Site?

Latest Blog Posts

Prudent St Cloud Sellers Prepare Financially Before Listing

In a fast-moving market, sellers can be caught off-guard when their St. Cloud listing turns into an unexpectedly quick sale. That might sound overly optimistic, but most people who are preparing to

Read More

One Way To Find St Clouds Best Real Estate Agents

If anyone out there is looking for the most mediocre St. Cloud real estate agent to represent them, they are keeping it secret. Although people usually prefer not to behave in dull, predictable

Read More

St Cloud Real Estate To Benefit When Blockchain Hits Town

Last year, St. Cloud readers started reading about real estate sales transacted in bitcoin. Since St. Cloud real estate changes hands through transactions involving six- or seven-figure dollar

Read More

St Cloud Real Estate Sales Using The Other Four Senses

When we think of traditional St. Cloud real estate sales scenarios, most of us would initially picture the photos that dominate the MLS listing and the information we read onscreen. Then, if

Read More