Price your home to Sell

It's important to carefully look at your neighborhood activity, before deciding on a price for your house.

What you paid for the house + improvements you have made to the house DOES NOT EQUAL the selling price of your house.

You should seek out a Competitive Market Analysis (otherwise known as a CMA) of your area, take a look at active, expired, pending and sold listings.

The active listings are obviously your competition.

Take a look at the expired listings and be sure you don't follow their lead on price, since you actually want to sell your house, instead of it expiring.

The sold listings is where you should focus when setting your price. List your home no more than 4% higher than the reality you see in this section and you will get an offer far sooner than the average days on the market.

The other option is to price it higher, then lower it in a few months to get the same amount you could have sold it for in the beginning. Only after it's on the market for a long time, buyers try to come down harder on the older listings.

The more similar the homes are in an area, the more consistent the selling price will be.

Take a look at price per square foot. This will help you get to your price in an area where homes are not as consistent.

Hope this helps!