Tips on How to Price Your Home

So, you've made the decision to sell your home. How do you decide what price to list it at?

The most important aspect of pricing your home is to consider other comparable sales in the area. You should specifically focus on what other homes sold for, what amenities they offered in regards to # of bedrooms, bathrooms, square footage etc., and how long they were on the market. Long market times may indicate a listing price that was too high- especially if you see several price reductions while the home was listed. Don't forget to consider how many other homes are listed for sale right now. They will be your direct competition. You don't want to overprice your home- this will only help the house down the road sell before yours assuming that they are both very similar.

Do you have any specific circumstances that may affect the price you will accept on your home? Do you need to be able to move in 3 months? Does your home need some updating? Most homebuyers are looking for a home that is in move in condition.

Still not sure what price to list it at? Get an appraisal. A qualified appraiser should be able to give you an estimate of the home's fair market value.

Finally, a REALTOR should be able to provide you with a market analysis that will show you in detail what other homes in the area sold for and will recommend a listing price based upon analysis of the area.

Questions? Please call Chrissy at Cutler! 330-936-2519 or simply email me at: Chrissy@ChrissyMoock.com.