If you’re thinking about selling your house in the 92501 zip code (or anywhere in Southern California), one of the first things you’ll think about is the selling price. How much should you sell the house for? But there’s one question you should understand first, and that is: How important is the asking price when selling a house in Riverside CA? In this blog post, we’ll answer this question to help equip you when you sell your house.
When you want to sell your house in Southern California, you set an asking price. Of course, most people know that this is rarely the selling price – so why set an asking price at all? Just how important is the asking price when selling a house in Riverside CA?
An asking price is actually a very useful “tool” that does 3 things for you.
First, It Attracts Certain Buyers And It Repels Certain Buyers
There are homebuyers in Riverside CA at every price point in the spectrum. A higher price will catch the attention of higher-end buyers (while it repels low-end buyers) and a lower price will attract the attention of lower-price buyers (while it repels high-end buyers).
There’s nothing wrong with this – after all, you don’t want to waste your time trying to sell your home to someone who has no intention of buying. So the right asking price can be used to help the right buyers see your house as a desirable purchase.
Second, It Reveals Information To Buyers
The price of your house, in comparison to similar houses, will reveal information to potential buyers. For example, if you live in a neighborhood where the average sale price is $100,000, and you’re asking $75,000, what does that say to buyers? It says that your home may need some work or you’re in a hurry to sell. And what if you live in that same neighborhood but ask $125,000? It might say that your home is superior to the other homes because of how you’ve decorated it.
Third, It Is The Starting Point Of Negotiations
It’s very rare for a property to sell at exactly the asking price. All home sales are negotiations between the sellers and the buyers (and the agents that might represent them). The asking price simply puts a piece of information out there for negotiations to begin from. As a seller, you might put out the price and then work on getting a higher price while your sellers start with that price but work on getting a lower price.
So, just how important is the asking price when selling a house in Riverside CA?
It’s very important to help a house sell. But it’s not the only way to sell! If you’re not sure what your asking price should be, or if you’d like to skip the sales process altogether, you can get a cash offer from us!
Are You Looking To Sell Your Riverside House Fast?
If you’d like to sell your house and skip the sales process altogether, then we at Homesmith Group can help!
We buy houses in Riverside and we also offer cash for houses in SoCal.
We can close quickly (in as little as 7 days if you wanted to) which would save you thousands of dollars vs. trying to sell the property yourself and waiting for months. Get the process started today!