Selling a home and pricing.

[Maddox]

A lot has to do with the appraisal, doesn't it? If the house appraises for a $350K, a lender won't give you more than the true worth, will they?

If you put down 25% most won’t require an appraisal.

[Spearchunker]

If this was what I saw it would make sense.

Better question - In this climate what harm could it do to ask for more? If average home in subdivision is selling for 320 with 2 selling over 350k would it hurt to ask 349k?

I'm not in a hurry to sell. If there's no downside why wouldn't I? I can always lower the price. Does doing this make for more work for the agent or just cost them a little time?

Can't go too much over appraiser unless deep pockets. The buyer has to come up with the down but then has to come up with 100% of the over appraisal value in most case.

If the sale is $100k over appraisal buyer will need that plus typical 20% down.

How it was for me anyways...

[asu-indian]

Some are good at poker and some aren't.

[cantexduck]

We listed our house in May for about 60 over what I thought it was worth. We sold it all cash for 30k over asking price three days later. We went with a realtor just for the reason above. She listed the house at what she thought would gain interest. We had over 15 showings in three days.

[DFWPI]

If you put down 25% most won’t require an appraisal.

Who has $87.5k lying around these days?

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[doghouse]

Anyone interested in Mills county land for 10k per acer? That's how bad it has become.

[justintyme8303]

Who has $87.5k lying around these days?

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Zillow has real deep pockets and they are paying cash over asking price.

[DFWPI]

Zillow has real deep pockets and they are paying cash over asking price.

LoL, just like OpenDoor I guess. Both suck. Dealt with both....

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[TeamAmerica]

It's very easy to over price a house and pretty tough to under price one these days (and has been for some time). If underpriced the market will bring you back up to market value in a very short time.

[Buckshot4900]

The bad part of all this crazy pricing is that TEXAS is getting a whole bunch of libtards in the process. Where they are moving from, these prices seem like a deal.


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[Dejashoot]

Who has $87.5k lying around these days?

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More than you would think. I was talking to a new employee at one of my customers. He bought a house when he got married. Ten years later he just sold it. He used basically all of the equity to put a down payment on a new house and he’s starting all over again. That’s how he came up with 20% down plus $65k that was needed to make up the difference in appraised value.

[DFWPI]

More than you would think. I was talking to a new employee at one of my customers. He bought a house when he got married. Ten years later he just sold it. He used basically all of the equity to put a down payment on a new house and he’s starting all over again. That’s how he came up with 20% down plus $65k that was needed to make up the difference in appraised value.

Oh, I actually know. I think between my wife and I, we've closed about 30 houses this year.

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[DFWPI]

But, right now I need to focus on these dang coons, and Pigs.

Oh, and it just started raining at the lease.

[whitetailtrail]

LoL, just like OpenDoor I guess. Both suck. Dealt with both....

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I personally like Zillow… crazy easy process to sell to them. When they made the offer on our house I thought I heard the lady wrong. My wife looked at me when I muted the phone and said they can have it for that price. Took the words out of my mouth.

They offered, and ultimately bought, at significantly more than I have seen any comps sell for. Less than 2% in fees so much less than a traditional 4-6% to a realtor. Gave us a 80 something day close to get past our two year mark to qualify for no cap gains tax on the profit.


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[slayr]

Realtors are definitely a help, not knocking them, but selling a house on your own is a very simple process. Pay a realtor a small fee to run a CMA for you and base your price off of it. As DFWPI posted, there are lots of variables to take into account, but if you do your homework you can come out good.