Are you wondering what your home is worth in today’s market? Knowing your home’s value is important, especially if you’re looking to make a move in the next year or two. Maybe you’re comparing your home to the homes in the neighborhood that have recently sold.
When it’s time to list your home, the price that you ask for your home can impact many different things!
Let’s look at the impact of your asking price:
Underpriced
Buyers may assume something’s wrong
Could leave money on the table
Decrease your future buying power
Market Value – HERE is where you want to be!
Attracts more buyers
More likely to get multiple offers
Possible faster sale
Overpriced
Turns away buyers
May need a price reduction to engage buyers
Longer listing time
If your home has been sitting on the market longer than you’d like, it may be time to revisit the price.
“Even in a hot market where there are more buyers than houses available for sale, buyer’s aren’t going to pay attention to a home with an inflated asking price.” – US News Real Estate
Determining the market value of your home is more involved than looking at the latest sale down the street. When our team looks at your home’s value, here are a few things we consider:
The value of homes in your area (not just neighborhood)
The condition of your home
The value added by any updates you’ve made
Current buyer demands
The best way to price your home is by using a trusted agent with experience in your local market. Don’t pick just any price for your listing. Trust us, your real estate professional, to help you find the perfect price for your house.
