If you’re thinking of selling your home in the , or anywhere else in Quebec City, the selling price is one of the first things you’ll think about. At what price should you sell the house? There is one question that needs to be answered first and foremost How important is the selling price when selling a home in Montreal, Quebec? In this article, we’ll answer this question to help you prepare to sell your property.
When you want to sell your home, you decide on a starting price. Of course, most people know that this is rarely the price you’ll sell for – so why bother setting a selling price? How important is the selling price when selling a Montreal home?
Selling price is actually a very good ” tool ” for 3 reasons.
Firstly, the starting price attracts some buyers and repels others.
There are buyers for every price range. A higher price will capture the attention of higher-budget buyers while repelling those looking to pay less. A lower price will do the opposite, attracting smaller buyers and repelling larger budgets.
There’s nothing wrong with that – after all, you don’t want to waste your time trying to sell your home to someone who has no intention of buying it. The right price will make your property attractive to real potential buyers.
Second, the starting price reveals details about your home.
The price of your home, when compared to similar homes, reveals a great deal to potential buyers. For example, let’s say you live in a neighborhood where the average selling price is $100,000 and you’re asking $75,000, what does that say about your property? This could mean that your home is in need of renovation or that you’re in a hurry to sell. What if you live in the same neighborhood, but you’re asking for $125,000? This could reveal that your home is superior to others because of its interior layout.
Thirdly, it’s the starting point for negotiations.
It’s very rare for a house to sell for exactly the asking price. All real estate sales are negotiated by sellers and buyers (and, sometimes, by the agents who represent them). The starting price simply lets buyers know where negotiations are starting from. As a seller, you’ll probably decide on a price, then perhaps try to get a little more, while your buyers will try to pay a little less.
So, how important is the selling price when selling a home in Montreal, Quebec?
Setting a starting price is an important step that will affect the success of the sale. But that’s not the only way to sell! If you don’t know what price to ask, or if you want to avoid the whole sales process, you can receive a cash offer from us!
