What is my house worth?
In short, it's worth what a buyer is willing to pay for it. The buyer must also be able to secure financing to proceed with the purchase at that price.
Factors that will influence the price of your home include its size and condition, location, and supply and demand (whether it's a "buyer's" or "seller's" market in your area).
How do I find out what my house is worth?
We can prepare a comparative market analysis (CMA) for you. A CMA takes information from recent home sales that are similar to your home and in the same area. You could also get a professional appraisal, which is an opinion of value based on the appraiser's detailed look at the specs and features of your home and compared to other recent home sales.
Should I price my home higher than its value to leave room for negotiating?
You are free to set whatever price you want for your home. But many experts believe that homes priced much higher than comparable homes ultimately sell for less than if they had been priced fairly to begin with. The reason? A home that is priced too high may sit on the market for a long time with no offers. The seller finally comes down in price to generate some activity. But buyers wonder why the house has taken so long to sell, so they make offers on the home that are lower than even the now-discounted price.
By contrast, a home priced fairly may generate interest from several buyers as soon as it hits the market (especially in a seller's market), and the buyers may make higher offers in order to try to make sure their offer is the one that is accepted.
How can I find out how much money I will make on the sale of my home?
We can provide an estimate of the costs associated with selling your home. The costs may vary depending on the selling price, so we may want to figure out the costs for two or three possible selling prices.
What is your home worth in today's market? We will furnish you with a FREE Comparative Market Analysis on your home! No obligation, of course.