How do You Determine Your Asking Price?
You obviously want to sell your home for the highest possible price. You may even have a number in mind. But, how do you determine if that number is reasonable? You may be concerned that if you list your house too high, few buyers, if any, will see it, but that if your price is too low, you would end up leaving thousands of dollars on the table.
There is both an art and a science to setting the right price. The science involves looking at recent sales of homes as equivalent to yours as possible. The art involves making a subjective assessment of the amenities, upgrades, location and other specifics which may make your home worth more or less than these recent sales. Special features such as hardwood floors, a newly renovated kitchen or bathroom, or a beautiful backyard patio can have an impact on how quickly a property sells and for what price. The state of the market in your specific neighborhood and the time of year must also be factored in.
I show my clients all the information I can gather, and then help them choose a price. After all, your home is your asset, not mine. Ultimately, pricing is your decision, with my input to help you choose wisely.
Curious as to what your house is likely to sell for in today’s market? Submit the form below, or call or email. I would enjoy meeting you and offering my opinion on a reasonable sales price for your home.