The answer is yes, you can sell your house for whatever price you want. However, there are some caveats to this question. For example, if the market value of your home is $500K and you sell it for $200K then technically the bank that owns the mortgage would still be owed $300K plus interest on that amount. If they foreclosed on your property and sold it at auction in a normal real estate transaction they would be able to sell it for more than what you were asking if no one else bids or offers more than what you asked for.
Why you might not want to sell your house for whatever you want
To sell your house for what you want means that there is no room to negotiate a higher price. This may leave the potential buyer feeling dissatisfied with the offer, and it could lead to a prolonged negotiation process where they come back with an even lower number than before Sell my house fast. If you sell your house for what you want, it doesn’t allow room for negotiation. This could leave the potential buyer dissatisfied and lead to a prolonged negotiation process as they come back with an even lower number than before. Sometimes sell my house for whatever I want is not the best idea. If you sell your home for a too low amount, then this may mean that the buyer might never be able to resell it and end up losing money on their investment.
The same happens if they sell your house at an inflated price because many buyers can afford something in between as well. They could even lose money trying to find someone willing to pay more than what other sellers have listed properties for in the area.
How the market determines a home’s worth
You can sell your home for whatever you want, but it will be worth what the market determines its value to be. If you sell it for less than that then buyers might not even offer on it because they feel like they’re getting a good deal (this could also lower their property tax burden). That said, some people are willing to sell at below fair market value if there’s something about their house that puts them ahead of the competition or if it’s been vacant too long.
Houses sell for whatever the market will support. The way housing is traditionally priced depends on location, size of the home, and other factors such as renovations, proximity to schools or parks that might affect its price tag. The best thing you can do to get a sense of what your house might sell for is talk with people in the neighborhood about past sales and their opinions on value around there.
If all else fails, consult an appraiser (or two) who’ll be able to give you some idea of how much your property is worth based on comparable nearby properties sold within the last year.
What factors go into determining how much your home is worth?
Location: What type of area is your home in? Consider the neighborhood. Is it urban or suburban? Rural or coastal? How close to a major city is it located and how accessible are other amenities like shopping centers, public transportation, schools, etc.?
Property Type: Manufactured homes sell for significantly less than traditional houses built on-site. Is there an attached garage that nobody else would want to buy if you sell the house with one already installed (garage sale)? Does the property have any unusual features that will make it hard to sell such as having no yard space due – being set back from the street fronting onto a park instead?
Age & Condition: If you’ve had additions made over time without proper permits, or the property has been neglected for years at a time, it will sell for significantly less.
Condition of Home: Consider the condition and quality of your home’s interior. Is it in a good state? If not, you may want to sell before major repairs need to be made or else face paying for both selling costs and these expenses at once after the sale.
Special Features: Does your property have any features that would make it more desirable than other properties on the market – such as being waterfront with access to fresh water fishing, oceanfront views, etc.? Some special features do sell better if they’re available but this is rarer for homes because people know what they’ll get when buying one so there isn’t much novelty involved.