If you are currently considering selling your house in the 67201 zip code (or anywhere in Kansas), the first thing you need to think about is your selling price. How much should you sell the property for? But there is one question you must understand first: How important is the asking when selling a house in Wichita Kansas? In this article, we answer this question to help equip you in the process of selling your house…
When you want to sell a house, you set an asking price. Of course, some people know that this is rarely ever the final selling price – so why set an asking price at all? Exactly how important is the asking price when selling property in Wichita Kansas?
An asking price is a useful tactic that does 3 things for you.
First, It Attracts Certain Buyers And It Repels Certain Buyers
In the spectrum, there are buyers at every price point. The higher the price, the more likely it will attract higher end buyers (while repelling low-end buyers) and the lower the price, the more likely it will attract lower-price buyers (while repelling high-end buyers).
There is nothing at all wrong with this – after all, no one wants to waste their time trying to sell to someone who has no intention of buying. So, choosing a fitting asking price can be used to help draw in the right buyers to view your house as a desirable purchase.
Second, It Reveals Information To Buyers
The price of your property compared to similar properties, reveals information to all potential buyers. For example, if you live in a neighborhood where the average sale price is $100,000 and you are asking for $75,000, what does this say about your house to buyers? It says that your property will likely need some work, or you are just in a hurry to sell. And let’s say if you live in that same neighborhood but ask for $125,000? It might say that the house is superior to the others because of how you’ve decorated it.
Third, It Is The Starting Point Of Negotiations
It’s extremely rare for a home to sell at the original asking price. All sales are considered negotiations between the seller and the buyer (including the agents that represent them). The asking price is more so like a gesture that puts out information to allow negotiations to begin to form. As a seller, you may put out a price and work your way to a higher price while your sellers start with that price but work to getting it to a lower price.
So, just how important is the asking price when selling a house in Wichita Kansas?
It is extremely important when getting a house to sell. But it is indeed not the only way to sell! If you are not sure where to even begin with your asking price, or if you would like to skip the entire sales process altogether, you can get a cash offer from us!