How To Price Your Home

How To Price Your Home 

Curious about how to price your home? Watch this video and I'll show you exactly what to do.

Thinking of Selling Your Home

If you're thinking of listing your property, you might be wondering how to determine the right asking price. After all, if you price your home too high, it could sit on the market for months without any bites from buyers. On the other hand, if you price it too low, you could end up leaving money on the table. This is where a Comparative Market Analysis comes into play.

Comparative Market Analysis (CMA)

A Comparative Market Analysis, or CMA, is an essential tool for pricing your home correctly when you put it on the market. By comparing your home to similar properties that have recently sold in your area, a CMA can help you determine the right asking price for your home. While there are some variations from market to market, there are some general rules of thumb that should be followed when running a CMA.

  1. Properties should be within a mile of your home. In some areas, a bigger radius may be used, while in others a smaller radius may be appropriate.
  2. The comparable homes should be as close to matches as possible in terms of beds, baths, year built, etc.
  3. The square footage of the comparable homes should be within 20 percent of yours.

Following these guidelines will help you get the most accurate CMA possible, and ultimately help you find the right buyer for your home.

Local Market Insight

Many home sellers believe that they can save money by doing a comparative market analysis (CMA) on their own. However, it is important to remember that a CMA is only an estimate of what a home is worth. There are many factors that can affect the value of a home, and it can be difficult to account for all of them without the help of a professional. In addition, the real estate market is constantly changing, and what may have been true last month may not be true today. A full-time real estate agent will have the most up-to-date information on the market and will be able to properly price your home to get the most buyers through the door. In addition, an experienced agent will also be able to negotiate with buyers to get you the best possible price for your home. As you can see, hiring a professional real estate agent is essential when selling your home.

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