Tips for Pricing a Home
-
Loading... - Daan Dekker
- 20 Jan 2023
- 59 Views
- 0 Like
- 0 Comment
While your home can attract interest in property listings and appeal to buyers during showings, the price must also be correct. Even if the buyer falls for your home, the price could prevent them from making an offer.
If house pricing is too high, buyers will move on. And when it’s too low, you could be losing out. Pricing a home to sell isn’t an easy thing to get right. Use the following tips to help find the sweet spot.
Professional experience
Unless you have spent a long time in the real estate business, you won’t have experience pricing a house to sell. But you don’t have to make this decision on your own.
Hiring an experienced real estate agent offers a professional analysis of the local market to help set the right price for your home.
An experienced Realtor will know the local market and better understand your home’s potential when listed.
Choosing to go without the help of a real estate agent could save you money on commission, but it could be more expensive in other ways. Homes sold “for sale by owner” tend to sell for less.
Choosing a good realtor is the best option if you want the best price for your home and less stress during the process.
Comparable properties
Similar homes that have sold recently give a good indication of the value your home could sell for. Good comparables or “comps” are homes with similar features, like the number of bedrooms and square footage.
Comparing comparable properties to your home is a good way of pricing a home. This is done by creating a comparative market analysis.
Even though comparables might have sold for a certain amount, there’s no guarantee your home will sell for the same amount. There might be features present that changes the homes’ value more than you expect. Read More…
