Price It Right
It's important to thoroughly evaluate the market to determine the value of your home. Here's why:
- Properties that are priced right from the beginning typically sell for more in the end.
- If you price your home too high, the home will stay on the market longer. The longer a home stays on the market, the less it will be shown.
- Your property attracts the most interest when it is first listed, so it is crucial to price it correct initially.
- In Today's market it is not uncommon for offers to come in slightly above list price.
Should we price it higher just to see what happens?
Setting a very high price just to "see what we get" is never a good idea. Setting an unreasonably high price usually results in a longer time on the market, which does not look good to buyers and will frustrate you. Many sellers ask about the price that zillow or other real estate websites give for their home. These are not reliable because they are only taking into consideration very general demographics. My job is to determine the perfect listing price to get your home sold for the most amount of money, in the shortest amount of time.
What is my home worth?
Determining your home's market value is one very important reason to use a real estate agent. We will do a comparative market analysis (CMA) to help you set the correct listing price. We look at recent sales of comparable homes, similar homes that are under contract, and homes that are listed in the sale price range of your home. Then we compare features of the homes including the size and placement, and the location or neighborhood. (Note: the tax appraiser's assessed value of your home has nothing to do with the market price.)