The question of how to price your home is one of the most important aspects of the selling process. How do you know what your home is worth? How do you know what somebody would actually pay for it?
Real estate professionals can guide you in this decision to help you get the offers your home deserves. Here is some more basic information about choosing the best asking price:
There are many factors that go into determining a home's sale price beyond the house itself. You'll need to adjust your pricing based on the market you're selling in. This could include economic factors, demographics and seasonality. Working with a real estate agent makes gathering data and setting a price much simpler.
One of the first steps in choosing a sale price for your home is finding the appraised value of the property. A professional appraiser conducts a thorough examination of your home to note factors like age, condition, size and features. Once you have this number, you can use it as a starting point for setting a price.
How much you want your home listed for will most likely depend on how many similar homes have recently gone for sale at your location. A comparative market analysis from a real estate agent is the most accurate and efficient way to use other home sales to guide your price point.
You can also search on your own for recently sold homes in your area and note their final selling prices. Choose comparable homes with similar square footage, bedrooms, bathrooms, lot size and amenities for the best idea of price.
Knowing the stats about recent sales is only part of the puzzle. You'll also need to consider overall trends in the real estate market. Real estate agents have extensive knowledge and resources to help you find the market value of your home in the context of the location's trends.
While the real estate world has a plethora of moving parts, understanding the factors that go into determining home value and asking price will help you get the best offers for your home.
“I sell your home like it's mine”
A licensed real estate salesperson since 2016, Rob is affiliated with the Briarcliff Manor office of Corcoran Legends Realty. He serves buyers, sellers, renters, in Westchester, Rockland, and Putnam counties. Rob, a native of New York and Westchester County for most of his life, brings an extensive local knowledge of both residential and commercial properties to the table. His experience includes a wide range of property types – single-family, multi-family, condos and mixed use. “Hard to sell” properties is where Rob really excels. “There’s no problem that cannot be solved.”
Rob is certified for many different disciplines in real estate. Cartus Relocation Network Agent, AARP Agent, National Tenants Network (NTN) Agent, Green certified and Pricing Strategies Master. In addition, Rob has completed the Leader’s Edge Advanced training to better serve his clients. Rob has been both associate of the month and top closed dollar agent.
When you work with Rob, you get the feeling you’re his only client. Numbers don’t count, you do. Clients always come first. Each transaction is handled as if it were his own home. Rob strives to make the process as seamless as possible and takes care of all the details, no matter how small. His clients rave about his above-and-beyond service and prompt informative communication. Rob is easy going, friendly, and patient. However he can be a determined and aggressive negotiator when the need arises.
When not out actively working on behalf of his clients, Rob spends time with his wife and two teenage daughters. A devoted supporter of community he sits on several local boards and volunteers for numerous locale nonprofit organizations. He enjoys cycling, hiking, kayaking and winter skiing.
“May your price be right, and your sale be swift!”