Setting Your Price

Setting Your Price: How to Determine the Right Listing Price for Your Home

Pricing your home correctly is one of the most important factors in a successful sale. Set it too high, and buyers may overlook it. Set it too low, and you might leave money on the table.

Here’s how I help sellers determine the best price for their home.

Step 1: Analyze the Local Market

I start by conducting a Comparative Market Analysis (CMA) to evaluate recent sales of similar homes in your area. This helps determine a competitive and realistic price range. Sometimes if your home is really unique this process can have more intuition put into it than comparables, so having an agent who knows the local market will make a big difference if comparable properties aren’t available.

Step 2: Assess Your Home's Condition and Features

Upgrades, renovations, and unique features can increase your home’s value. I’ll help identify key selling points and how they compare to similar homes.

Step 3: Consider Market Conditions

In a seller’s market (low inventory, high demand), you may be able to price slightly higher.
In a buyer’s market (more competition, fewer buyers), a competitive price will attract more offers.

Step 4: Set a Price that Attracts Buyers

Strategic pricing can generate more interest, leading to multiple offers and a faster sale. I’ll help position your home to get the best possible outcome.

Final Thoughts

Pricing your home correctly from the start is key to a successful sale. If you’re thinking about selling, let’s discuss the best strategy for your home.