It is always a big challenge to sell a house, whether you are doing it on your own or you are obtaining assistance of a REALTOR in the San Antonio property market. It is tough to be a seller especially in a buyer’s market, when prices are falling and homes in San Antonio are getting cheaper.
One of the main concerns you have to face initially would be the pricing strategy. How would you price your property in a way that it would still be competitive against other homes in San Antonio that are for sale? Here are some tips that could be of help.
Determine local home prices
Remember that housing prices can be compared to the weather. Those can vary in different areas. Demand definitely varies depending on price ranges and the type of neighborhood. Check out price tags of similar houses that were recently sold within the San Antonio property market. It is ideal to review selling prices of similar homes three months, six months, or one year ago. This way, you can have a clearer idea about the trend in San Antonio.
Analyze buyers and sellers in your market
Is your house located in a neighborhood where a lot of buyers continue to come in? Or do you live in a community that does not attract many new residents? Consider this when setting prices for your house. If your property would be competing with lots of new homes in San Antonio that are available in the market, it may be wise to price competitively. If your home stands out in a market where most houses for sale are older and less attractive, you may still have a stronger chance of selling even if you price higher.
Get an appraisal
Of course, the most logical measure is to obtain an appraisal to determine the actual valuation of your house. Obtain such an appraisal from a credible and certified professional appraiser. The resulting appraisal should take into consideration several important factors, like those already mentioned here. Take the appraisal as the real and updated worth of your home.
Use strategic pricing
If prices in the San Antonio property market are consistently dropping, set a price for your house that would reflect an amount that would deduct the expected declines for several months. This way, you may not have to decrease your asking price in the coming days, weeks, or months. For instance, if home prices in your neighborhood drop by 1% every month, you may instantly deduct 3% off your asking price. Through doing so, you could maintain your competitive edge over other sellers who continuously drop their prices each month.
Genius Realty – San Antonio is an experienced real estate agency that can help you search for your perfect home in San Antonio, TX and the nearby cities like New Braunfels, Shertz, Live Oak, Alamo Heights, Olmos Park, Canyon Lake, Terrel Hills, Garden Ridge, Seguin, Boerne, Castle Hills, and Stone Oak and Sonterra. Get access to all available homes for sale on and the off MLS in San Antonio and the surrounding areas, regardless of the listing company. Please call 210-436-4877 for all your real estate related needs.