After years of trying unsuccessfully to list my home on my own, I finally realized that I needed some serious help. I began looking for a great real estate agent who could help me out, and after interviewing a few professionals I found someone that was really in tune with what I needed. They sat down with me to talk about my needs and worked hard to help me to identify different homes that could work for my family. I wanted to make a blog all about selecting the perfect agent to work with during your house hunt. Check out this blog for great tips on choosing agents.
Are you getting ready to put your home up for sale and are wondering what price you should ask? The price you ask is a vital aspect of selling a house, and it's important to research this factor before placing a dollar amount on your house. If you want to choose the best asking price, here are three methods to consider using that may help you come up with a fair and accurate asking price for your home.
Use a Comparative Market Analysis (CMA)
One of the most common tools you can use to determine the asking price is something called a comparative market analysis (CMA), and this is something a real estate agent can perform on your behalf. A CMA takes your home and compares it to other homes in the area that were recently purchased. The purpose is to see what prices similar homes sold for in the last few months so that you can use this information to find a price that your home is likely to sell for. If you would like to have an agent complete a CMA for your home, call one today.
Get an Appraisal
A second option you have is to hire an appraiser to give you an accurate fair market value of your house. The benefit of doing this is that an appraiser is trained to know your area and the current market conditions. This will result in finding out a price that is very accurate for the current real estate market in your neighborhood. Choosing an accurate price could help you sell your home faster.
Price It for Real Estate Filters
Finally, you should consider how people use filters when viewing homes online. By doing this, you can narrow down the price even further so that the price you are asking helps people find your home when they search. For example, if you determine that your home will likely sell for around 195,000, you should keep the price listed at $199,000 or less. If you price it at $200,000, anyone looking for a house under $200,000 would probably not find your home when searching through real estate databases.
These are three of the best strategies you can use when determining the price you should ask for your house when selling it. If you have further questions or would like to list your home, contact a company like Reece Nichols Real Estate for help.