How To Price Your Inherited Home In Columbus Ohio For Sale

Tip #1: Price Quick To Sell

If you want to sell your inherited home in Columbus Ohio quickly, consider pricing it slightly below what you think the market might pay. Selling through an agent can take time, and maintaining the property during this period can be costly. By pricing the home a bit lower, you might sell faster, saving on repair costs, carrying costs, and the time and effort involved. While you may get less for the home, the savings on other expenses could make it a worthwhile trade-off.

• Price for a Quick Sale: If you’re looking to sell quickly, consider pricing slightly below market value. This can attract more buyers and lead to a faster sale, which may reduce holding costs such as taxes, insurance, and maintenance.
• Time on Market: Homes that stay on the market too long can become less attractive to buyers. A well-priced home is more likely to sell faster, avoiding the stigma of being a stale listing.

Tip #2: Avoid Pricing Based On Fond Memories Or Emotions

It’s common to have emotional ties to an inherited home, which can lead you to overestimate its value. In Columbus Ohio as elsewhere, it’s important to separate these emotions from the true market value of the property. Your memories might inflate what you believe the home is worth, but the market may not reflect this sentiment. Consider working with a real estate professional who can provide an objective valuation, helping you set a price that aligns with the current market rather than personal feelings.

• Understand that buyers won’t pay extra for your emotional ties to the property. Focus on the home’s market value rather than its sentimental value.

Tip #3: Build In Discounts For Repairs

If your inherited home in Columbus Ohio, needs repairs, you have two options: you can either invest in making those repairs yourself and ask for a higher price, or you can offer the property at a lower price, giving buyers a “repair discount.” The latter option saves you the time, money, and effort involved in renovations, while still making the sale financially viable. This approach can also appeal to buyers in Columbus Ohio, who are looking for a property they can customize.

• Repairs and Renovations: Assess the condition of the property. If the home needs significant repairs, it may be wise to price it lower or offer a discount for repairs. This can appeal to buyers looking for a deal or those willing to take on a project.
• Cost vs. Benefit of Repairs: Before making any repairs, weigh the cost against the potential increase in sale price. Sometimes, selling “as-is” is more beneficial.

Summary

An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in for sale.

Why not bypass all the work and cost of selling through an agent and instead get in touch with us today about selling your inherited property to us here at Columbus Ohio House Buyers? Just call us at (614) 502-2614 or click here and enter your information in the form.