Blog

How Important Is The Asking Price When Selling A House In Portland Oregon?

If you’re thinking about selling your house in the 97223, 97229, 97006, 97140, 97007, 97124, 97123, 97224, 97003, 97005, 97008, 97116, 97062, 97225, 97133, 97119, 97078, 97106, 97113, 97117, 97144 zip code (or anywhere in Oregon, 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 Portland Oregon? 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 Portland Oregon?

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 The 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 Portland Oregon?

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 Portland house fast?

If you’d like to sell your house and skip the sales process altogether, then call our office at (503) 773-0004 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.

Listing vs. Selling To Us

  • Which route is quicker?
  • Puts more cash in your pocket?
  • Has less hassle?
See The Difference Here

Testimonials

"We were able to pick a later closing date "

“We recently sold my dad's home in SE Portland to Simply Sold Homes. This was complicated by the fact that we lived in Michigan, HO. From start to finish Tyrone ushered us through the process in a very thorough and gracious manner. After this, we felt comfortable and informed we agreed to have Simply Sold Homes to purchase the property and we made the decision from out of state. Throughout the process, we felt we could trust Tyrone to act in our best interests, and our trust...
  • SimplySoldHomes Facebook - All In Cash Offer: Our Best Price Promise for Portland Oregon Homeowners.
  • SimplySoldHomes Twitter - All In Cash Offer: Our Best Price Promise for Portland Oregon Homeowners.