With the help of your agent, you can determine the best asking price for your home, compared to similar homes on the market. Based on similar properties, you want to list your home at around the median price, not too high, and certainly not too low. Overpriced homes typically don’t sell, for the simple fact that buyers know they can find a similar home for a lower price.
Location is one of the key selling factors of your home. How is the school system in your area? Is there a good selection of entertainment options? Parks? What about restaurants and nightlife? All of these things should be detailed in your listing to attract more buyers.
What type of market are you dealing with?:
With things such as, community trends, interest rates, and even the overall economy can and will affect your price. It’s crucial for you to know and understand what type of market you’re dealing with, and realize your properties value with fluctuate accordingly.
In a market saturated with homes that have similar amenities, finishes and location, price is usually the key selling factor. Even though it might not have much similar competition, Having a home with a unique and “different” floor plan, more often than not lose the sale because those features are usually marketed towards a smaller niche.
CONDITION YOUR HOME
The condition of your home might be the biggest factor in your asking price. Newer appliances, color, interior decorating, and solid structure are some of the things buyers look for most. A house that looks more up-kept usually sells faster than other homes on a similar market and appeal to a larger group of buyers.