How do You Determine Your Asking Price?
Return on investment is critical in any market. Being strategic in the marketing of your home will most likely yield desired results. How much your home can sell for, is usually one of the most pressing concerns home owners have. 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 home is likely to sell for in today’s market? Complete the form below for a ‘no obligation’ maximum price analysis. ‘Talk Soon’