A Net Sheet is one of the most critical components of your strategy when it comes to selling a property. You can list a property at any price point. (Obviously, we suggest a range of values that are most appropriate for your property.) Both your goals and your net need to be taken into account when pricing your listing. For example, you should know what the bottom price is you can list for. This way, you can avoid stuck pulling money out of savings in order to pay off any loans on the property. With that low-end number in mind, you need to decide how quickly you want to sell.
Is your goal to net as much money as possible and you don’t have a pressing timeline? Are the holding costs so great that it’s worth selling quickly at a lower price to be done with the property? Are you testing the market to see if anyone is willing to pay enough to make it worth moving?
At Crane Realty, we want you to keep the net sheet and your goals in mind. Then, we’ll help you to formulate a strategy that is most likely to help you accomplish them. A bonus piece of information: If you’re looking to get the MOST for your property, it may make more sense to list for less than you think. Why? More competition can drive the offers up well over the asking price. We’ll help you assess the situation and make an educated decision.
If you aren’t sure where to begin, reach out today! Want to do some research on your own first? Send us some information about your property so that we can provide a free home valuation. Once you know what your property is likely to sell for, you’ll be in a good place to start with calculating your net sheet.