How do You Determine Your Asking Price?
Naturally; list price is always the biggest concern once you’ve decided to sell your home.
You obviously want to sell your property for the highest possible price. You may even have a number in mind.
But, how do you determine if that number is reasonable? You may be concerned that:
- If you list your house too high, few buyers, if any, will see it.
- If your price is too low, you could end up leaving thousands of dollars on the table.
The value your home holds to you is far more surmountable than any data due to the simple fact that, it is probably where a large chunk of your life unfolded.
Since buyers won’t pay for sentimental value, we must then focus on the data of homes that have recently sold in your neighborhood that are similar to yours in order to determine ‘fair market value.’
To compare ‘apples to apples’ we must then consider factors such as; year built, amount of bedrooms, bathrooms, features within the home, and square footage. Other important considerations when determining ‘fair market value’ include location, school district, condition of the home, and area amenities.
Curious as to what your house is likely to sell for in today’s market? Please submit the form below or call or email me for a no-obligation personal consultation.