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. This is never fun. 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 100% free? As a real estate agent, I have access to the same information. I’d be happy to put together a Comparative Market Analysis (CMA) for your home! The CMA will provide you with the following information: • Detailed information on each house sold in your area over the last sixmonths, along with final sale prices . If you are thinking of selling, this will help you price your home realistically. • Detailed information on all houses for sale in your area and their asking prices . These homes are your competition. Skip ahead to the last chapter if you would like more information on how to request a free home valuation. Do your own homework: There is a free way of getting a decent valuation of your home, but it is risky and time-consuming. You can use the internet to scout other homes for sale in your area, and narrow them down to those that are similar to yours. The prices on these homes can give you a good benchmark for setting your own price.
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