The real estate market is in a constant state of change. Home values fluctuate, which could make timing a sale difficult for some. Homeowners want two things: to sell their homes and to make a fair amount of profit. Learning how to price your home if you want to sell will make a difference.
Learning how to price your home if you want to sell can help set expectations, retrieve more offers, and end the process faster. There is a whirlwind of emotions that people experience when they are thinking about and ultimately deciding to sell their home.
We are excited and nervous about the significant change in our lives that is about to take place. We are also happy that we have the opportunity to make such a change and are thankful. But then there are the negative emotions like anxiety and fear of what the market will tell us about our home.
We want to ensure we get the most value from the sale, but we also don’t want to scare off would-be buyers with too many digits. The market will often determine the price of our homes for us, but other things could factor into the price of a home.
Those outside factors may not be easily factored into the market price of a home. Luckily, you have real estate agents like Sandi Clark and Debbie Miller who keep up with the market for you. However, some people don’t enjoy being told what a home is worth without asking real estate agents to show their work.
Knowledge is among the most valuable things we have to offer, and learning how to price your home if you want to sell can make a difference.
How to Price Your Home if You Want to Sell | The Market
We all would love nothing more than to set the asking price at the highest number we can think of on day one. We want to make as much money as possible, but there is also a sentimental tax we wish existed.
We’ve spent a lot of time in this home, made memories, and shared moments in this space. But there is no sentimental tax that can be added to the price of a home. Instead, we price based on the market around us.
Market price comes from the hard facts about a building and recent sales in the area. Comparable sales is the buzz-term that you will want to focus on. Comparable sales are ones that happen near you with homes that have similar square footage, room count, and basic features.
Basically, you can ask for a similar price of a home that sold so long as that home is similar enough to yours.
Unique Features
Learning how to price your home if you want to sell is mostly about staying up-to-date with the market around you. This can be done by searching recent sale listings in your community and surrounding communities. Some communities use cookie-cutter homes to fill out the area.
A cookie-cutter home shares a floor plan with neighboring homes; you usually find two or three different floor plans in newly built communities these days. However, even cookie-cutter homes could vary in price. That variation comes from unique features that homeowners have added to their homes.
People live in these homes; things happen; maybe flooring was replaced, or rooms were removed or added to the house. These are unique features that could increase the value of a home.
What We Say…
Anyone can easily get a ballpark estimate of what their home is worth for free on some websites. You can also piece together a ballpark price based on recent nearby sales. But having a real estate agent help with this process is part of why you hire real estate agents.
We stay on top of the market daily, so you don’t have to; we also know the value new flooring would add to a home. In fact, we offer advice on how to quickly increase the value of your home before it is even placed on the market.
Contact us today to find out the value of your home and get started with the selling process at (949)293-5139 or (949)400-0987. You can also email us at SClark1009@gmail.com or Debbie@debbiemillerhomes.com.
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