How to Go About Pricing Your Home

When you are ready to sell your home, it is important to work with your real estate agent to arrive at a competitive listing price. You have an idea of what your home is worth, but it will be your agent who will help you objectively price your home. Depend on the expertise of a real estate professional to be able to research the market and be receptive to your input. Your team effort will result in a price that will sell your home.

An agent will start by finding recent sales that are comparable to your home in age, location, square footage, amenities and number of bedrooms and baths. Since no two homes are identical, the agent will make value adjustments to the features of the comparables (also known as comps) that differ from your home. An average selling price will then be taken from the newly adjusted comps to help determine the estimated value of your home. Similarly, active listings will contribute to how your home is priced.

Accurate pricing can’t take place without also factoring in market conditions. Take advantage of online data that breaks down sales by area. Median sales price and the average number of days for past sales will be valuable information when deciding on the final price tag for your home.

Pricing your home to sell in a reasonable amount of time in any market is my goal as your real estate agent. Call or email for an appointment so we can team up to get your home sold.