If you’ve decided to sell your home, you have a number of additional decisions to make. For example, where will you set your asking price? A real estate agent can assist you in choosing an appropriate list price, but additional information is particularly helpful. The price at which you list your home can determine whether potential buyers will even bother taking a second look, and it’s important not to rush through this important price-setting step.
What Are Your Needs?
First, consider how much you are willing to accept for your home. If you need to sell quickly, expect to accept a lower sale price than if you can afford to be patient. If you are buying a new and more expensive home, consider how much money you will need for a down payment vs. the equity you have available in your current home.
Next, what are the real estate market values of comparable homes in your area? More often than not, your real estate agent will provide you with a few of these home prices, called “comparables.” Our HomeSmart Value Report, on the other hand, provides you with dozens of comparables in your immediate area. Use these to help you determine your best price at which to market the home.
Finally, what risk factors exist in your surrounding market area and how do these impact the value of your property? Our HomeSmart Report is the only report of its kind on the market today. This report provides a complete evaluation of the area risk of any residential property, and is available for only $6.95. You should arm yourself with as much information as possible. Remember, you are about to enter into a very large transaction and you should take the time to prepare for it.