The prices of homes that have already sold don’t matter much. Price your home to be competitive with other homes now on the market. For example, a home recently sold that was seemingly $100,000 overpriced. Comparable homes were selling for $525,000 to $550,000. However, home prices in the area were increasing rapidly. Nothing similar was available for less than $650,000. The seller owed $650,000, so they priced the property at $699,900. And guess what? It sold three months later for $674,000.
PRICING IN A BUYER'S MARKET
If your local market is a buyer’s market, then you should look at all the other homes for sale and make sure your home is priced competitively with them. If your home is not selling, then you will need to adjust the price until it sells. A real estate agent can help you determine the minimum price change needed for a sale.
DETERMINING EXACT VALUE
There’s more than one way to find out the value of your home. You can use the following method by itself. However, a combination of some of these suggestions will likely give you the best pricing direction. Hire an appraiser: One way to get an accurate valuation is by consulting a professional. Many appraisers charge hundreds of dollars to give you a reasonably accurate home price estimate. Let me help you: Do you know there is a simple way that is 64
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