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Price Your Home
There are a number of factors that will affect the success of your home sale. These include: location of the home, interest rates, economic conditions, time of year, condition of the home, marketing the home, terms of the sale and accessibility to the home.
Some of these are not within your control, such as the location of your home, interest rates and economic conditions. Other factors are those you'll discuss with your real estate agent to determine what would most benefit the sale of your home.
If you can, waiting for a good time to sell your home – spring or fall are the most popular home buying times – also may help it sell faster. And pricing the home properly can make a huge difference in whether a house is purchased relatively quickly or languishes on the market for months on end.
To price a home properly, you and I -- if you've chosen me to be your agent -- will study the local market, research comparable properties and consider current market conditions. This is where the “comparative marketing analysis” you requested when interviewing for a listing agent will come in handy as a place to start.
Now check around your neighborhood, your newspaper and real estate websites for the following:
- Your competition: Are there many properties just like yours for sale in your area right now?
- Listing prices: What are other properties like yours listing for?
- Selling prices: What prices did homes similar to yours recently sell for?
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