Setting the Right Price for Your Home

Determining the right price to list your home can be tricky business.  It is both an art and a science.  Use these tips to arrive at a listing price more easily.

The Pricing Dilemma
The trouble with pricing your home above its value isn't just that you might not end up getting that price. After all, you can always lower the price later, right? The real trouble is that the longer your home stays on the market, the more it loses its luster, and the more difficult it will be to sell. 

On the other hand, setting your price too low isn't necessarily a disaster, though it can be. Sometimes, a home priced below its worth will receive multiple offers, driving the price up to market value. But there's no guarantee that it will work out that way, so it's still a big gamble. The question is, how do you zero in on that magic number?

Check Out Comparable Listings and Sales
Research homes similar to yours listed in your neighborhood during the last three months.

• Best Time to List
  Traditionally, March through June seems to be the best months to get the most money for your house.  There are, however, alternative theories about when is the best time to sell. Let's talk to discuss what is the best time to list your home.
• Curb Your Emotions
  Resist the urge to allow your emotional connection to the house trick you into overestimating its worth. 
• Get It Into Shape
  Giving your home a deep cleaning and a little DIY love before listing it can help boost its curb appeal and may allow you to price it a bit higher. 
• Get a Comparative Market Analysis
  I can supply you with a free comparative market analysis (CMA).  A CMA involves gathering data on recently sold nearby homes in your price range.

Find a Great Real Estate Agent
One of the keys to setting the right price for your home is having the right real estate agent in your corner – someone with the skills, experience, and resources to help you get every penny your home is worth.

Please don't hesitate to reach out when you're ready to learn more about listing your home! I'm here to help with answers to any questions you may have, from setting the price to closing the sale.