There are many reasons why a seller needs a quick sale. Assessing your needs - and acting accordingly - is a big step toward a satisfactory sale process.
In many instances, a quick sale is advantageous, or even essential. If any of the following situations applies to you it may be worth pricing a little lower in order to obtain a buyer more quickly.
You are closing on a new home.
If you've already found a new home, carrying both properties will quickly add up to more than you can realize by waiting for a higher sale price on your existing property.
You are under financial pressure.
If you are under pressure to sell your home to meet other financial requirements it may make sense to secure a quick sale and attend to these issues.
You are moving out of the area.
If you are being transferred or are relocating to another area you probably want to complete a sale before you leave. Dealing with the marketing effort from a long distance - and probably travelling back and forth - may be more trouble and expense than it is worth.
You think the market is about to drop off.
If you think that the real estate market is going to decline soon it is probably worth pricing for a quick sale. If you are right about the market, it's likely that you'll end up getting no more - and maybe less - if you wait.
You don't want to wait.
Depending upon your situation and frame of mind, you may simply decide that it is worth taking a few dollars less to be done with the whole thing. If this makes financial sense to you - and promises to improve your quality of life - it is probably the smart move.
This data last updated on 2020-07-14 00:07:37.
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