Consumption and Real Estate
How would you word this house for sale ad?
Question : How would you word this house for sale ad?
I am offering a home for sale by owner in Raleigh, NC. We currently have it rented, however in order to simplify our lives have decided to sell it. We know the market fairly well, but would like to see what kind of offers we can get on it without putting a price tag. Any advice on what to say to get fair market offers without a price listed?
raleigh homes for sale
Best answer:
Answer by †Ask Me Anything†
Obviously in the ad you would put how many bedrooms/bathrooms and what updates etc you have done. (wood floors, new plumbing or whatever)
Having said that, the first thing I would ask when calling you if I was interested would be “how much are you asking, because I do not see the price in the ad…” People are not going to just *offer* a price to you, they want to know what you are asking. What is interesting, is in Europe, they do sort of what you describe, but they have in the ads that the starting offer is $ , so people know what number to start bidding at.
I was walking my dog and passed a house that was a repo and bought by a flipper a month ago. They fixed it up and then put it back on the market. They had one of those tubes with a photocopied sheet about the property. The one thing missing was the price. I found that sort of annoying. I want to know what do YOU want for this property? I wouldn’t want to guess.
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#2 written by HEATHER 1 year ago
Honestly these days no one is even going to read your ad if it doesn’t have a price on it. There are too many deals out there to play that game right now. Do you love it when you go clothes shopping and there is not a price tag on a dress you like? How often do you take the time to find a clerk to ask them how much the dress costs? That is the mentality people will take when they are house shopping. They figure that if you don’t have a price you are 1) expecting to get something ridiculous for it 2)you have something to hide. Even after they find out the price, they are still going to have one of those 2 things set in their minds. Set your price 10% higher that what you actually want to sell it for.
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Price is king right now in ALL markets. To list your house for sale without a price is a waste of time, you will be pummeled with tire kickers. Or on the flip side, no one will call because you don’t list a price and they will assume you are stuck to a whackadoodle price.
Put a price in and negotiate. If you get no inquiriesom 60 days, the market will tell you are are overpriced. Which is where I suspect you will start.