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Pricing Your Property
Determining price is one of the most critical steps in preparing your home for sale. A well priced home often sells quickly once it is put on the market.
When your home is priced right from the outset, you maximize your opportunity of reaching the most qualified buyers and obtaining top dollar.
Pricing your home correctly:
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Can save you thousands of dollars on your family’s largest investment
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Reduces risk because overpriced homes may eliminate some buyers if it is out of their price range
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Ensures that other agents will show the home
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Is good when it comes time to appraise. Your home must appraise at the selling price for the buyer to get financing
Before we set the sales price of your house, I'll run a Comparative Market Analysis (CMA) that will show the listing price of similar houses in the area as well as the prices at which the houses actually sold. Additionally, the analysis will give us information about houses currently on the market and about houses that were on the market but never sold.
Next, I'll ask you about your goals in selling the house. Everyone who sells a house has different goals that need to be factored in when calculating the selling price.
- Is your goal to get the maximum sales price for your house?
- If so, are you willing to have your house on the market for many months?
- Is your goal to sell your house quickly?
- If so, are you willing to sacrifice some of your potential profits to sell more quickly?
- Would you like to establish a balance between selling your house quickly and selling at the top end of market value?
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Market conditions will play a role in setting the sales price of your house. I'll factor in how quickly houses are selling in your area, interest rates, the strength of the school system, and finally whether it is a buyer's or seller's market.
I'll then recommend a price at which to list your house to meet your goals in the local market.
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