Pricing Your House
Why use a Realtor?
One of the most key priorities in selling your home is pricing it to sell according the current market values. It seems that many sellers still don’t get it. Nobody cares how much you paid for your home two, five or ten years ago; that price is totally irrelevant in the current market. The current market is what determines the price of your house. You need to know that value in order to know how to price your home.
Homebuyers today are more informed than ever before. Current buyers are aware of what’s going on in the real estate world. They hear about it every time they open the newspaper or turn on the news. Everyone knows that home prices have dropped in most real estate markets across the United States. This gives the buyers and their agents the chance to look closely at comparable sales to see what the market will bear. They are ignoring any pricing information that’s more than a year old, because it’s not relevant to the current market.
Pricing for a quick sale
Pricing a home for a quick sale makes all this relevant. That’s the first step to success. The next step is to find out what comparable homes are selling for in your area. This will give you a good baseline for your pricing strategy. Any upgrades that have been done are factored in to that. You should also consider any special features that make your house different from the rest, such as a corner lot or a totally decked-out kitchen. These things add value, so they need to be part of your pricing strategy. How much value do they add? That’s the tricky part. It depends on many factors, so you might want to get some input from a professional home appraiser. It’s worth the $400 appraisal fee, or whatever the going rate is these days. Our real estate agents at NJ Realty will help you get the most in your pocket. He or she will handle much of this pricing research for you.
Team up with a Realtor
Statistics show when you team up with a Realtor when selling your home, the chance of selling for more money, in less time is much greater.
Our experienced agents at NJ Realty can provide you with a custom market analysis so you know what your home is actually worth. With complex marketing strategies of NJ Realty, you can be confident you will get the exposure and recognition your home deserves.
Home value calculator
Feel free to use our home value calculator to help figure our what to price to sell at.
