4 Tips to Price Your Royal Oak Michigan Home for Sale like a Pro

Do you think you have a good handle on what a reasonable price would be for your Royal Oak Michigan home for sale? In today’s rollercoaster real estate market, the right price could be the difference between a quick sale and your house sitting for months without a single bite.

REALTORS® are experts when it comes to housing market values. However, if you’re planning on selling your house yourself, do you even know where to begin? Below are four tips the pros use to set a price that gets potential buyers in the door and still allows you to get the most money from the sale of your property.

Four tips to price your Royal Oak Michigan home for sale like a pro:

1. Study your history – Take a look at what properties in your neighborhood sold for when you bought your house and then look at recent sales. Have prices increased, decreased or remained the same? This will give you a good idea of how the market value of your property might have progressed over time.
2. Research comparables – Check around to see what houses of similar square footage and style are actually selling for in your area. Then you’ll be able to get an objective idea of what your house is worth without letting attachments to self-done projects like bathroom upgrades or landscaping influence your judgment.
3. Tour other houses – REALTORS® take the time to personally visit almost every property on the market. If you’re going to price your home like a pro, you should tour a multitude of houses in your neighborhood. By going to open houses in your area, you can determine how your home stacks up to the competition.
4. Consider your location – As the old adage goes, “Real estate is all about location, location, location.” Are you in the most desirable neighborhood? If so, you may be able to command a higher price for your house. Make sure your price reflects your neighborhood, lot and surroundings, to set a realistic price.

If you need help pricing your Royal Oak Michigan home for sale, please call me at 248-514-2640 or email me at info@NorthWoodwardHomes.com.