Reduce the risk of delays and money loss by pricing your house correctly from the beginning. Your goal is to get the highest return on your investment in the shortest amount of time. Your asking price should align with the value of the home for this to happen successfully. Before you move forward, check out these considerations for setting the asking price when selling your home.
Do Your Research Before Setting the Asking Price
Start with an online home valuation calculator that offers an idea of what your home’s value is right now. Once you input a few basic facts, the calculator will give you the estimation. While this number doesn’t consider important things like neighborhood schools, it does provide an idea of where to begin.
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. The agent provides a complete report on the value of your home that includes consideration for upgrades you’ve made, local details, and the current real estate market.
Get a Professional Appraisal
A small investment now in an independent real estate appraiser could push you to the head of the pack when it comes to the competition in your neighborhood. 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 asking price.
It would be wonderful if all the memories you’ve made at home had monetary value. Unfortunately, this is not the case. You’ll want to detach a bit on the emotional level before you set the asking price. Consider that people enter your home with their expectations of what living there means to them. This fact may help you keep from getting sidetracked by your experiences in the home. 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 The Callison Group a call today at 208-249-3431 to learn more about local areas, discuss selling a house, or tour available homes for sale.