How To Price Your Home To Sell
The decision to sell your home is a big one. Finding the right price can be an incredibly difficult decision. Whether you are working on your own or listing with an agent, pricing your house can be a serious hurdle. If the main question you’ve been asking yourself is,
How much should I sell my home for?
then we are here to help.
Get An Estimate
One of our favorite tools for getting an estimate on your home is Zestimate from Zillow. Zestimate uses data from millions of user-submitted numbers and can be an excellent tool for your research. Simply search for your address on the Zillow website and claim your home. This way you can also point out any false home facts, which might affect the estimate they provide.
Many potential buyers use the Zestimate tool, so making sure all of the information on there is accurate is incredibly important.
Do A Comparative Market Analysis (CMA)
Real estate agents typically provide clients with CMAs. CMAs are compilations of recent sales within your region. They take many things into account, including the number of days a home spent on the market, any details about that home, and the final sale price.
In the case that you sell your home on your own, you must do a bit of research to figure out the value of your home. Never be afraid to get in contact with real estate agents to request CMAs either. Real estate agents are quite used to providing potential clients with comps. They probably won’t even have to enter your home either. You could also consider hiring an appraiser as well. They can provide you with a fair market value for your home for a few hundred bucks.
If you decide to perform your own comparative analysis, make sure that the properties you are comparing with are:
- Within a 1/2 mile from your home
- Roughly the same age as your home
- Listed within the past few months
- Around the same square footage as yours. We typically recommend looking for square footage within 10% of what your square footage is.
Price For Search Ranges Found Online
You want to make sure to consider price ranges that are found on popular real estate sites. Most homebuyers have a price range. For example, a buyer might be looking within the $380,000 to $400,000 range. If your home is $405,000, it won’t show up in their search. However, if you list your home at $399,999, it will likely show up when they search for homes in that price range. That small drop in price might just make that person your homebuyer!
Beyond these three things, there are plenty of other methods to price your home properly. If you’re just getting started, the idea of trying to sell your home can be overwhelming.
If you have any questions about selling your home or you need some help during the process, make sure to get in touch with us here at National Cash Offer! We look forward to hearing from you.