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Ready to sell? Now the tough part, understanding how to determine home values in Lynchburg VA. Sellers often get caught up in memories that were created in their home and attach an emotional value to the property. That can make the determination of the value an extremely difficult process and also result in the home being over priced when compared to other properties on the market.
With an understanding of how professionals value property, you can save yourself from falling into this trap. While it may be difficult because you love your home, real estate is a business and it all comes down to the numbers and home values in Lynchburg are always changing.
CMA
Setting the right price for your property is essential. If you price the property too high, it may not sell, and if you price it too low, you may not get the best possible price. You should work with a real estate agent who can provide you with a comparative market analysis to help you determine the right price.
A comparative market analysis commonly known as a CMA helps professionals to determine home values in Lynchburg VA. This is done by the comparing the sales price of similar properties located near yours. If the comparable properties surrounding the home have features that the property is lacking, these predetermined values would be deducted from the average selling price of the most likely properties.
It would be wise no matter which way you decide to sell your home, to have your own CMA performed. Then you’ll be aware of the value of your home, based on the current actual market value. By doing so, you can avoid being shocked or insulted at what you may feel is an insultingly low offer from a buyer.
If you would like to have a CMA of your Lynchburg VA home please call us at 434-390-2906 to schedule a time.
Holding Costs
Often homeowners who tried to sell their homes on their own find themselves Tangled in the web of internet marketing.
Marketing your property effectively is crucial to attracting potential buyers. You should work with someone who can help you create a marketing plan that includes listing the property on multiple listing services (MLS) and social media platforms. You should also consider hosting open houses to give potential buyers an opportunity to view the property.
Regrettably, whether you choose to sell your home on your own or List It with an agent, one thing is certain, there is no way to determine how long your home will be on the market as a listing. This must be taken into consideration when you determine the value of your home. You may consider lowering your asking price to stand out among the competition, as buyers filter their online searches by home values in Lynchburg VA.
If you are interested in receiving a cash offer on your property, and closing on a date you choose, Give us a call or text anytime 434-390-2906 or fill out the short form here today!
Commissions
When you set out to determine home values in Lynchburg VA, in addition to your marketing costs, should you choose to work with an agent there will also be commissions. The commission is based on a percentage of the sale price. As there are two sides in a real estate transaction, the typical commission is near 3% per side, so a home selling for $400,000, would deduct $24,000 from your profits alone, along with the traditional seller’s closing fees. It’s also possible that the closing agent and the real estate agent’s office could charge transaction fees.
If you accept a cash offer from Linken Investments, we don’t charge commissions, and we pay all closing costs. Think of all the time and money that can save you. There’s no easier or quicker way to sell your property and get on with the next chapter in your life. Call 434-390-2906
Repair Costs
Being forewarned is being forearmed and never is this more true than when you’re selling your home. It would be wise to order an inspection of the property. If you find something is seriously wrong with the property structure, they may require you to fix it, or make other smaller repairs out of pocket before closing.
It’s wise to contact professionals for at least two estimates of repairs, if you’re planning to do them yourself, create a realistic budget. With reliable data in your hands regarding the project timeline and expenditures, you can make an informed decision.
You’ll have to determine if you want to go ahead and invest more in the home and make the repairs in order to reap a larger profit or sell the property “as-is,” deducting this expense from the asking price will give you a realistic current market value.
You’ll be able to determine if an offer is fair for your home compared to other home values in Lynchburg VA. Just be aware, buyers who purchase “as-is” properties generally expect to walk away with a great profit margin and make low ball offers, hoping desperate and unaware sellers jump at the chance.
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Why not let us assist you in determining the value of your home with no obligation?
We set out to solve the problems that Lynchburg area home sellers face by giving you a way to see all of your options in one spot, letting you choose whether you want to maximize the price of your sale by listing on the Lynchburg MLS or whether selling fast and simply for cash is more important.
So rather than just telling you what you can list your house for on the market like traditional Lynchburg real estate agents, or making a “take it or leave it” offer like many real estate investors, at Linken Investments we’ll give you both a cash offer and the option to maximize the value on the market (with our cash offer in your back pocket).
We’ll quote you a fair price, and we can close fast with cash or We can list your house on the MLS and possibly get you a higher price. Call or Text 434-390-2906 to learn more.
At Linken Investments LLC. our professional buyers can walk you through each step of the process, we’re pros at determining home values in Lynchburg. We can help you decide if selling to a professional buyer is the best choice for your property. Linken Investments LLC. typically closes in 30 days or less, and Linken Investments LLC. doesn’t take more away from your asking price, everything is figured into our offer. we don’t charge commissions or transaction fees or require repairs, meaning no more waiting and thousands of dollars in overall savings!
There are a lot of situations to think about when you’re ready to sell your house. Please send us a message or give us a call today at 434-390-2906 to discuss selling your house in Lynchburg, VA.