Pricing Your Home
Getting the best price for your home can often depend on your REALTOR and knowing the market.
Most sellers have a difficult time pricing their property. Having so many memories, emotional attachments, and investment in a home can make it hard to develop an objective opinion of its value.
Sellers should know that there are many variables when considering the price of a home. Different areas mean different values. Even the neighborhood can alter the price range for your home, depending on its demand.
That is why it is important to look at what is being sold and at what price. Comparing trends and the prices of comparable properties is often a good place to start. Make sure to examine prices and sales from one year ago, six months ago, three months ago, and even current numbers.
- Are prices going up or down? By how much?
- What is the demand like for a house in this area?
- How many days are homes staying on the market?
- Do you live in a market with people coming in? Or are you in an area that doesn’t attract many new residents?
- Questions such as these will go a long way in helping sellers get a realistic idea of the value of their home.
The Value of Your Home
A RE/MAX REALTOR will be in the best position to find the balance between “that home is of interest to me” and “that home is too good to pass up.”
When you meet with your real estate agent make sure to ask them about the market conditions in your area. Find out what the average price range is for homes similar to yours. If the supply is much larger than the demand, ask your agent how you should price to offset that inventory.
You can also get an appraisal from a certified professional. The information that they can provide will give you a good indication of what your home is currently worth.
A REALTOR will always help you to get the best possible price for your home. If you have any questions speak with an agent, or several agents, to help get a better understanding of how to price your home.