Many parents across the country take the school district into consideration while looking for a new place to live. In many instances, parents prefer keeping their children in a good school district instead of moving the family to another area. It’s also important to point out that some parents want to relocate to a district filled with special programs, a sound curriculum, and sports.
It’s no secret that home buyers have no problem with paying a premium price for a home in an exceptional school district. Before setting the price on your home, you should consider the five tips listed below. They can help you get fair offers from serious buyers. Please keep in mind that you can always sell your home to a professional home buying company for a fast sale.
1. Take a Close Look at the Stats
One is every five prospective buyers would be willing to pay as much as ten percent more for a home in a good district, and one in every ten would pay twenty percent more, according to a survey conducted by realtor.com. However, many of these buyers would not be interested in paying for a home with an inflated selling price simply because it is in a specific district. Increasing your selling price too high will make it difficult for you to find a buyer. If you price your home too high, you will eventually be forced to lower your price.
2. Be Familiar with the Area
Check out similar homes in your area on the market. What are they selling for? This will give you a clue on how much you can expect to get for your home.
You can use free online tools to help you come up with a fair selling price, or you can ask an experienced realtor to run an analysis. Both will help you avoid overpricing your home. Please keep in mind that you can always contact a professional home buying company. They will be more than happy to offer you a fair price for your home and a fast closing.
3. Consider the Type of School
It’s vital for you to understand the types of schools in your district. Are several schooling options on the table? Some families will be more interested in buying a home in a district that has public schools, private schools, and charter schools. There are six different types of schools on its site:
-Public Schools: Public schools are convenient and they bring forth a strong sense of community.
-Public Magnet Schools: Public magnet schools are designed to teach kids specific skills such as performing arts and science. Under normal circumstances, students are not required to live in the district to be a student at public magnet schools.
-Charter Schools: Charter schools receive funding from the public. Since they function outside of the public education school system, they are open to any district.
-Private Secular Schools: Private Secular Schools charge tuition for enrollment, and they can accept students that meet their criteria.
-Private Religious Schools: Private religious schools charge tuition for enrollment, and they accept students from all districts.
-Online Schools: They can be private or public. District is not an issue for online schools.
It’s important for you to take public school enrollment into consideration before settling on a price.
4. Measure the Distance from School
It’s an added bonus when a kid can walk home from school in a well-respected district. How many children walk home from school? Do they walk alone or with others? The answers to these questions will let you determine if prospective buyers will be comfortable living in your area.
5. Keep the Prospective Buyer’s Priorities in Mind
The majority of parents shopping for a home will always make a decision that will be in the best interest of their child. You can set your price a little higher if you live in a desirable district.
It’s vital that you set a good price for your home before putting it on the market. The tips listed above can help you do this with ease. You should also consider selling your home to a professional home buying company. A professional home buying company offers cash and can close fast. This is an incredible deal that is hard for anyone to turn down!