When selling your home, you want to make the most money possible. However, you must price your home right if you want to attract potential buyers and receive an offer. Let’s explore a few tips and strategies for pricing your home to sell.
1. Look at Comparable Homes
To price your home right, you need to know how much homes are selling for in your neighborhood. Pull up past listings and compare them to your own home. Consider the size, the features, even the condition of the home when comparing each property. The best way to gather this information is to talk to your real estate agent and request a comparative market analysis. This will have all the data about homes sold in your neighborhood in the past three to six months.
2. Hire an Appraiser
If you are struggling to determine how much to sell your home, hiring an appraiser is an excellent option. An appraiser will tell you the value of the home and help you feel confident in your home’s pricing. However, be mindful that you must choose an appraiser who has experience working with a home in your neighborhood and with similar amenities. Also, keep in mind that you will need to pay the appraiser for this work which can cost you more than $300.
3. Learn About the Market
You need to know about the current market when pricing your home. For example, if it is a seller’s market, you can ask a little more for your home and there is a greater chance that someone will purchase it. However, if it is a buyer’s market, you may need to price your property a little less to attract potential buyers.
4. Work with a Real Estate Agent
A real estate agent will not tell you how much you should list your home for, but they can provide resources to help you, such as a comparative market analysis. They can also answer any questions and help you determine if your home is priced right or if adjustments need to be made. They can be one of your best resources when tackling this difficult step in the selling process.
If you are ready to sell your home, experienced real estate agent Martin MacFarlane is ready to answer your questions and begin the home-selling process. Contact him today to make selling your Markham home a fantastic experience.