Best way to Price your Home

The Best way to go about Pricing your Home

When you are ready to sell your home, it is important to work with your real estate agent to arrive at a competitive listing price. Although you may have an idea of what your home is worth, it will be your agent who will help you price it objectively. 

To be able to research the market and to be receptive to your input, you need the expertise of a real estate professional. Your team effort will result in a price that will sell your home.

In order to determine your home's value, your agent will look at recent sales similar to yours in age, location, square footage, amenities, and number of bedrooms and baths. Since no two homes are identical, the agent will make value adjustments to the features of the comparables (also known as comps) that differ from your home. 

To estimate the value of your home, an average selling price will be calculated based on the newly adjusted comps. Similarly, active listings will contribute to how your home is priced.

Accurate pricing can’t take place without also factoring in market conditions. Take advantage of online data that breaks down sales by area. When it comes to determining the final price tag for your home, you should consider the median sales price and the average number of days for past sales.

Pricing your home to sell in a reasonable amount of time in any market is an agents all time goal!