Figuring Out The Best Price: The Second Step To Selling Your Home

We talked about how the first step to selling your home is to depersonalize and declutter. The second step is figuring out the right price. In the next two minutes, we'll share tips on finding the best price for your home.


First, go online to websites like Zillow, Trulia, and Realtor.com. These sites show your local home prices and what homes are selling for in your area. They also have some information about your neighbourhood's housing market. Keep in mind that their automatic home value estimates can be off by around 7%. That's a lot of money to risk on a computer's guess.


Second! Look for homes that sold recently in your area that are similar to yours in size, condition, and features. You can find this information on county records and the websites we mentioned earlier. Write down the sale prices and how long the homes were on the market. This will help you learn what buyers might pay for a home like yours.


Third! Think about home improvements. Did you make any upgrades to your home? Things like kitchen and bathroom updates, new flooring, or energy-saving features can make your home worth more. But remember, not all upgrades have the same effect on your home's price. Focus on the most important ones for buyers.


Fourth! Look at supply and demand. Check if there are more homes for sale than buyers or if it's the other way around. If there are more homes than buyers, prices might be lower. If there are more buyers than homes, prices might go up. Knowing this balance can help you decide on the right price for your home. Now you should have all the information you need to formulate a price.


Fifth: Talk to a real estate expert. Now if you don't want to do all this work yourself or if you would just like to check your work there is another way. Don't forget to ask a local real estate agent for advice. Work with an experienced agent that can dial in the value for and provide the information you need.


For our team and many great agents in the marketplace, this is complimentary service. Without any strings attached. Picking the right price is important for attracting buyers and making a good sale. If you have questions or need more help, feel free to reach out.