How Important Is The Asking Price When Selling A House In Charleston SC?

If you’re thinking about selling your house in the [market_zipdcode] zip code (or anywhere in SC, one of the first things you’ll think about is selling price. How much should you sell the house for? But there’s one question you should understand first, and that is: How important is the asking price when selling a house in Charleston SC? In this blog post, we’ll answer this question to help equip you when you sell your house…

When you want to sell your house, you set an asking price. Of course, most people know that this is rarely the selling price – so why set an asking price at all? Just how important is the asking price when selling a house in Charleston SC?

An asking price is actually a very useful “tool” that does 3 things for you.

First, It Attracts Certain Buyers And It Repels Certain Buyers

There are buyers at every price point in the spectrum. A higher price will catch the attention of higher end buyers (while it repels low-end buyers) and a lower price will attract the attention of lower-price buyers (while it repels high-end buyers).

There’s nothing wrong with this – after all, you don’t want to waste your time trying to sell your house to someone who has no intention of buying. So the right asking price can be used to help the right buyers see your house as a desirable purchase.

Second, It Reveals Information To Buyers

The price of your house, in comparison to similar houses, will reveal information to potential buyers. For example, if you live in a neighborhood where the average sale price is $100,000, and you’re asking $75,000, what does that say to buyers? It says that your house may need some work or you’re in a hurry to sell. And what if you live in that same neighborhood but ask $125,000? It might say that your house is superior to the other houses because of how you’ve decorated it.

Third, It Is Tthe Starting Point Of Negotiations

It’s very rare for a house to sell at exactly the asking price. All home sales are negotiations between the sellers and the buyers (and the agents that might represent them). The asking price simply puts a piece of information out there for negotiations to begin from. As a seller, you might put out the price and then work on getting a higher price while your sellers start with that price but work on getting a lower price.

So, just how important is the asking price when selling a house in Charleston SC?

It’s very important to help a house sell. But it’s not the only way to sell! If you’re not sure what your asking price should be, or if you’d like to skip the sales process altogether, you can get a cash offer from us!

Are you looking to sell your Charleston house fast?

If you’d like to sell your house and skip the sales process altogether, then call our office at 843-883-3319 or click here now to fill out the form. We’ll get back to you within 24-48 hours to make you an offer on your house.

Duncan

About Duncan

Duncan Townsend is a native South Carolinian with a degree from Clemson University. His real estate career extends over thirty years and spans many facets of the field including pre-construction sales, land development, property management, home construction, residential renovations, many property investments, and general real estate brokerage. His sales and marketing experience began with US Capital Corporation in Banner Elk, NC in 1980 working on new condominium projects and later moved to Hilton Head Island, SC to continue work on multi-family projects with Raintree Corporation and single family homes with The Hilton Head Plantation Company. In 1991 Duncan established Osprey Construction Company on Johns Island, SC to serve clients in the design and build custom high-end custom homes on Kiawah and Seabrook Islands. His entrepreneurial ventures through Osprey Construction included speculative home and land development, condominium conversions, property renovations, and property management. Duncan has owned and successfully managed short term and long term residential rentals, and commercial office properties. Duncan is a member of the Charleston Trident Association of Realtors, a Construction Specifications Institute Construction Documents Technologist, was an ASTM Standards Committee member and he actively served on the board of directors for the both the Construction Specifications Institute, Mt. Rainier Chapter in Tacoma WA, and for the Seattle Building Enclosure Council. He is also an active member of the Exchange Club of Charleston. An enthusiastic learner, Duncan continues to expand his extensive knowledge of real estate and construction through studies on buyer and seller representation, law updates, property foreclosures, short sales, lease/purchase methods, installment sales, tax strategies for real estate, marketing to find deals, self directed IRAs , private money funding, negotiation strategies, and more.

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