Requesting an in depth Comparative Market Analysis on your home will give you an idea on how much your home is worth based on the range of prices being paid for homes in your area that are comparable to yours.
But, how much should I sell my house for? And what would be your role as my Realtor in pricing my home?
I want you to remember that requesting a Comparative Market Analysis is just the first step in determining the “price” of your home. If you feel that the time is right to sell your home, as your Realtor, I don’t just tell you what I think your home is “worth”.
The Market determines the VALUE, but together we will determine the PRICE.
I will show you range of prices being paid for homes in your area that are comparable to your home. And you determine the price based on the factors you control such as:
1.Your marketing time
2.The condition of your property and
Of course the price will be an amount that is acceptable to you. However, the most revealing fact in determining the price of your home is the price buyers have been willing to pay for houses similar to yours.
WARNING: Don’t just select your agent based on the price they say your home will sell for. Remember, that agent is not buying your home; he or she is responsible for selling your home.
The agent who is willing to list your house at the highest price is least likely to get your home sold for top dollar. An agent who knowingly takes an overpriced listing usually plans to start “working on you” immediately to get a series of deep price cuts. The problem, besides your frustration and feelings of betrayal, is that all other agents quickly decide your home is “overpriced” and won’t continue to show it to other clients. The result is you home takes longer to sell, your offers come in considerably lower and you get less money.
There is no secret to selling your home for top dollar at the shortest amount of time, you just have to price your home properly.
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