What’s a Fair Price? Questions by Home Buyers in Somerville, MA  

 

The housing market is one of the few places today where everything is negotiable. Even though there is a list price on the home, buyers have the opportunity to argue for a lower price, or convince the seller to through in additional things like home inspections. So how do you know if your house is priced fairly? Our professional team spoke with home buyers in Somerville, MA to learn what they look for when buying a home.

Compare

One of the easiest ways to judge how well your home is priced is to compare it with homes in the area. Things like neighborhood, school system, and crime rate heavily impact the value of your home according to home buyers in Somerville, MA. Even though these factors aren’t things you can necessarily control, it’s important to keep them in mind when pricing your home.

You can also compare your home to similarly sized ones in the neighborhood. The caveat here is to consider why similar homes sold for how much they did. For example, if the house up the street – with the identical floor plan but a huge inground pool and finished garage – sold for double what another house in your neighborhood sold for, you have to recognize the value added by the amenities.

Try Not to Take It Personal

It’s hard not to have a personal attachment to your home. We get it, you spent countless nights there, made lots of memories, and are parting with it. But from a buyer’s perspective, they want to spend as little money as possible. You shouldn’t be insulted or offended if an offer seems drastically low – just politely decline. If you’re continually getting lowball offers, consider why. Can you spruce the space up a little to make it seem more appealing? Or are you overvaluing the property you’ve grown to love so much?

Selling your home is hard. At Eagle Vision Homes, we want to make this process as easy as possible. We can offer you quick, cash offers on your home, and then sell to home buyers in Somerville, MA, taking care of every step of the way.