Forum Discussion
bondebond
May 30, 2013Explorer
Knowing nothing other than the few details above and not looking over condition and a host of local research, I would start out somewhere between $6-6.5k and settle somewhere around $5.6k for a sold price.
Again, local market and timing plays a big part of it. An example would be my first PUP, purchased in MO/KS area for $4,500. I had it for four and a half years. I moved to Arkansas and sold it for $5,000 in the early months of Spring when people are anxious to get out.
A high asking price will thin the herd quite a bit, and you can come down but you'll be dealing with a smaller population of interested buyers. A lower asking price will bring more hits but you can't negotiate the price up, only down. So you need to decide which you are willing to deal with.
It also takes an interested buyer, which you have no control over even at a low but reasonable asking price.
Be ready for low ball insulting offers too. I had a fair amount of those.
Again, local market and timing plays a big part of it. An example would be my first PUP, purchased in MO/KS area for $4,500. I had it for four and a half years. I moved to Arkansas and sold it for $5,000 in the early months of Spring when people are anxious to get out.
A high asking price will thin the herd quite a bit, and you can come down but you'll be dealing with a smaller population of interested buyers. A lower asking price will bring more hits but you can't negotiate the price up, only down. So you need to decide which you are willing to deal with.
It also takes an interested buyer, which you have no control over even at a low but reasonable asking price.
Be ready for low ball insulting offers too. I had a fair amount of those.
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