How to Price Your Home Right

http://annettapowellblog.com  - When you are putting your home on the market, whether you are selling it yourself or through a real estate agent, you want to make sure that you are pricing it right.  You do not want to price it too high or too low but just somewhere in the middle.  The best price for it must be based on the current market value and not on any type of emotional ties.  Here are some tips to help make sure that you price your home right.

One thing that you must do is determine your market area by looking at a city map and putting a circle around your subdivision.  Compare property prices within your area. Afterwards, examine your property, both outside and inside, to see what type of expenses the buyer might incur such as painting, repairing the gutters, and more. You must also honestly list all the negative and positive aspects of your property. Take into consideration any repairs needed and how much it would cost doing it.  Get quotes if necessary.

Make sure that you check sales and compare listings in your market area.  Check out the recently sold properties and the ones that are on the market. Having knowledge on the current properties in the market will let you become aware of whom you have competition with and the ones recently sold will give you an idea of how much you will get from your home.

You should take into consideration the age and style of your home as well. Identify if it is a town house, ranch, its size, its present condition, its location, its amenities, etc. Once you have gathered all these data, that’s the right time to compare it with other properties for sale within your area that have almost the same characteristics as yours.

If you put a price on your home and it stays in the market for over ninety days, then you probably have overpriced it.  Re-consider giving it a lower rate without compromising its actual value. You need to make sure that you price your home right because you do not want it to sit on the market for too long nor lose equity if you do otherwise and under price it.

For more information on selling home, go to http://annettapowellblog.com/.   See you there!

Yours Sincerely,

Annetta Powell