What Price Shold I List My Home For?
The price you select to sell your home for is a critical decision that you should make with an expert agent. The listing price is largely determined based on the market value of the home, the seller's motivation and urgency.
An agent should never give you a price opinion without determining the market value and identifying competing properties through a Comparative Market Analysis (CMA). This is a fancy word for accumulating information about recently sold homes that are similar to yours and information about comparable homes that are currently on the market. The CMA provides you with knowledge about what comparable homes sold for in the past and how your home might stack up with some of the homes now listed for sale. You should pay attention to any negative factors that could hurt the salability and desirability of the home. Click Here to find a list of some items make your home less desirable. The CMA should be the most important ingredient in determing your list price.
After arriving at a price range through the CMA, it is important to consider your urgency and motivation to sell. The agent should be able to provide you data about the amount of time it takes for a typical home to be sold in the area. Some circumstances, like financial hardship, necessitate a quick sale and therefore the list price should be set below market value in hope of accelerating the sale.
Please don't hesitate to contact us for a free home price consultation. There is no obligation and the consultation is free.