How Much is My Home Worth?
Determining the Best Asking Price for Your Home
Setting the right selling price for your home is one of the most important steps in the selling process. The goal is to find the highest price the market will bear — but not so high that it deters potential buyers or causes your home to sit on the market too long. Let me help you price your home strategically, ensuring that you get top dollar.
I’ll conduct a detailed market analysis based on comparable properties in your area. By studying these properties, we can understand the local market and find the optimal price for your home.
Categories of Comparables
01
Current Listings
These are the homes currently on the market. They show what other buyers have to choose from, but keep in mind that these are “wish list” prices, and there’s no guarantee they will sell for the listed price.
02
Pending Properties
These properties are under contract but haven’t sold yet. While we won’t know the final sale price, they give us an idea of what buyers are willing to offer.
03
Recently Sold Properties
This is the most important category. These homes have already sold, so we can look at what prices buyers are actually paying and what lenders are willing to lend for properties like yours.
Other Influencing Factors
• The condition of your home, including curb appeal and any upgrades.
• The market conditions (buyer’s or seller’s market, rising or falling prices).
• The exposure your home gets in the marketplace through both public listings and agents.
Categories of Comparables
Too High
If the price is set too high, lenders may not approve loans for buyers, and your house may not get as many showings. The longer your home sits on the market, the lower its perceived value will be in buyers’ minds.
Too Low
Setting the price too low could mean leaving money on the table, especially if the house is in high demand.
Let’s Get Started! Let’s Get Started!
With my expertise and market insights, we’ll set the ideal asking price to maximize your sale while avoiding pitfalls. I’d love to start the process and help you get your home priced, listed, and sold for the best possible price.
Contact Me for a free Market Analysis of your home’s value
Or call 541-953-7165 ~ email [email protected]