Sold homes don’t matter that much. You should price your home to be competitive with the other homes currently on the market. But, you don’t have to match the price of what homes have sold for. For example, a home recently sold that was seemingly $100,000 overpriced. Comparable homes were selling for about $725,000 to $750,000. However, home prices in the area were increasing rapidly. And this, 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.
HOW TO PRICE YOUR HOME IN A BUYER'S MARKET
Is your local market a buyer’s market — one where the supply of homes for sale exceeds demand, or where prices are abnormally depressed? If so, then look at all the other homes for sale and make sure your home is priced competitively. Utilize all the tips we've shared in the book before deciding, if your home isn’t selling, you’ll need to adjust the price until it sells.
HOW TO DETERMINE Y TERMINE YOUR HOME'S 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 or all these suggestions will probably give you the best pricing direction.
Hire an appraiser: One way you can get an accurate valuation
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