How much should you sell your house for in Orange County, CA?
The million-dollar question when a person is selling a home is, “How much should you sell your house for?” That is one that people will often struggle with for quite some time. While there is no set way to give you such an answer, there are some things you can take into consideration that will help you to come to a number you are happy with. It is easy to overvalue a home you have for sale due to your attachment to it, so be careful not to let that cloud your judgment.
Start by finding out what your payoff will be if you owe anything on the home. If you can help it, you always want to make sure you get enough to cover what you owe and the real estate agent commissions if you aren’t selling the home on your own. If you can’t do this, then you may have to lower the cost to cover as much of it as you can. This issue can be complex, though, so make sure you get some professional advice regarding the matter as well.
Do you want to make a profit on the sale of your home? You may need money for a down payment on a new house or to pay off some credit card debt. If so, then you will need to add that into your asking price. You need to be realistic though, or you could end up with a home that doesn’t sell due to being overpriced.
Find out what the value of your home is as well as those homes in your neighborhood. You can get this information from your local assessor’s office free of charge or by doing some research online. It is a great way to make sure you have the right information to work with. Hopefully, the value of your home is more than you owe or more than you paid for it. When it is less, though, you will have to decide how much of a loss you may be willing to take on it.
How big of a hurry are you in to sell your home? This is a question that impacts the selling price of a home. If you are desperate to get out from under it, then the lower price is the best way to go. It is going to get you someone seriously interested in buying it right away. Remember that even after a bid has been placed and accepted, it takes a while for the closing date to roll around.
What have you done to your home to increase the value? You may have installed special flooring, new carpeting, or even a new roof recently. All of these items can contribute to a justified increase in the asking price of a home.
Keep in mind, however, that your asking cost is essentially only a guideline. You might need to go a couple of thousand higher, to begin with. This is because it is very likely that a potential buyer is going to give you an offer that is a bit under your asking price. Most buyers want to get the best possible deal they can. This gives you some wiggle room with them too, and you will still get what you need out of your home.
Hopefully, with all of these things taken into consideration, you will have the information you need to determine how much to sell your home for without second-guessing yourself. However, if you are a resident of Orange County, CA be sure to contact us if you want to know how much we think you could sell your house for. Oftentimes, we will even purchase homes directly from sellers if they agree with the valuation we offer. JAM Properties is a residential redevelopment and investment company that knows how to evaluate the cost of your house and has the ability to purchase it from you at that price. Rather than spending time and money listing your house with a real estate agent, let us buy your house from you directly at an agreed-upon price. In addition, we never ask homeowners to make repairs and charge no commissions or fees. We just fill out some paperwork and after closing, you get your cash. Find out what we would pay you for your house by calling or texting 949-438-4343 or clicking the box below: