Set your asking price too high and you risk having your home on the market for a long time. Set the asking price too low, and you end up losing money on your investment. The price should make sense when one considers the value of your property. Set the asking price right from the beginning to limit delays and the loss of money. Keep reading to find out how to do that successfully.
Research is Important
An online home valuation calculator is a good place to start when looking for the value of your home. You input some basic facts about the property and receive an estimation of its worth. Keep in mind that this is an initial value that doesn’t take other factors into account that may make a difference. Other things to consider are local amenities, schools, and other homes for sale in the area.
Locate recent tax statements to get a sense of what the local government uses regarding home value when determining your tax responsibility.
Know which homes in your neighborhood are for sale right now. Make a comparison of the similarities and differences between homes. These facts will help you when you sit down to calculate the asking price. Know exactly how your home compares with others in the area.
Find a Real Estate Agent
Your real estate agent is a vital key to the success of your home sale. You depend on them to use their knowledge and experience to offer you the best advice for your situation. Choose a real estate agent that communicates at a high level, uses the latest marketing techniques for your listing, and has a strong background in negotiations. They provide a comprehensive home value report that considers upgrades, schools, local information, and the real estate market.
Get a Professional Appraisal
Consider investing in an independent property appraiser to help determine the value of your home. This appraisal is instrumental in setting the best asking price. You may find that doing this gives you an edge over the competition. This appraisal is not the same as the one that is scheduled by the lender once an offer is accepted. Use the information that comes from this assessment to make decisions when it comes to renovations and setting the price.
If all the memories you made in your home had monetary value, you would bring in a fortune for your property. Unfortunately, memories and genuine connection have no impact on the price of your house. Put emotions aside when determining the value of your home. Potential buyers enter your house with their expectations. Keep this in mind to help keep you focused. Your real estate agent offers a fresh pair of eyes when it comes to this part of the process. They understand your attachment but can provide a valuable and objective point of view.
Your real estate agent is the best source of information about the local community and real estate topics. Give EXIT Real Estate Solutions a call today at 803-667-8626 to learn more about local areas, discuss selling a house, or tour available homes for sale.