What Is the Optimal Listing Price for Your Home?

by Tammy Lord 06/16/2019

As a home seller, it is important to establish a competitive initial asking price for your residence. Yet determining the right price for a house sometimes is difficult.

If the price of your home is too high, for example, your residence may linger on the real estate market for an extended period of time. On the other hand, if the price of your house is too low, you won't be able to maximize your home sale earnings.

Ultimately, there are several things that you can do to determine the optimal listing price for your home, including:

1. Conduct a Home Appraisal

A home appraisal provides valuable insights that you can use to price your house competitively. If you conduct an appraisal prior to listing your residence, you can obtain a property valuation. Then, you can use this valuation to establish the ideal listing price for your home.

As you search for a home appraiser, be diligent, too. Employ a home appraiser who possesses comprehensive industry expertise and can perform a house evaluation at your convenience. By doing so, you may be better equipped than ever before to receive a data-driven house appraisal without delay.

2. Evaluate the Local Housing Sector

Take a look at the local housing sector – you will be happy you did. If you assess the prices of available houses in your city or town that are comparable to your own, you can use this information to see how your residence stacks up against the competition. Plus, this information could help you determine the optimal initial asking price for your residence – something that may lead to a successful house selling experience.

Don't forget to evaluate recent home sales in your city or town as well. This information can help you determine whether a buyer's or seller's market is currently in place.

3. Hire a Real Estate Agent

If you are unsure about how to price your residence, there is no need to stress. In fact, real estate agents are available in cities and towns nationwide, and these housing market professionals can make it easy to determine the optimal listing price for your residence.

A real estate agent typically will meet with you and learn about your house selling goals. Also, he or she can provide tips to help you upgrade your residence before you list it. A real estate agent can even offer a listing price suggestion.

Furthermore, as you navigate the home selling journey, a real estate agent is ready to assist you in any way possible. If you are uncertain about whether to accept a buyer's offer to purchase your residence, for instance, a real estate agent can provide an expert recommendation. Or, if you have questions about the home closing process, a real estate agent can answer them.

Want to optimize your home sale earnings? Use the aforementioned tips, and you can establish a competitive price for your house and increase the likelihood of enjoying a profitable home selling experience.

About the Author
Author

Tammy Lord

 

HI. MY NAME IS TAMMY LORD. HOW CAN I HELP YOU?
Buying or selling a home can be the most emotional financial decision of our lives. I have over 24 years of experience as a Realtor in Michigan. I have closed thousands of homes in my career and can assist you with Residential, New Construction, Waterfront, Vacant Land and Commercial properties in Genesee, Oakland, Lapeer, Livingston and Shiawassee Counties as well as any other areas in Michigan. Although I am very proud of every home I have ever helped someone buy or sell, I am most proud of the number of clients that have asked me to assist them time and time again. I have clients that I have helped buy and sell homes 2, 3 and even 4 times. I have had parents recommend me to their children to help buy their first home. Couples refer me to neighbors. Others have recommended me over the internet and in reviews. I have been honored to help families with their loved ones estates. A referral is the highest compliment that I could receive and I am grateful for each and every one of them. Throughout the years of various challenges that can arise when buying or selling a home, my philosophy has been very simple and unwavering. Honesty, patience, and availability.

Buying or selling a home with an experienced Realtor is an important partnership, and that means we need to be in it together. I am committed to that partnership 24 hours a day, 7 days a week, and 365 days a year. I'm always just a phone call away.

"The lighthouse served several purposes for ships over the ages. The first was to warn of dangerous waters…another was to let weary sailors know they were safe and that they were HOME."

I hope I can be your beacon. Give me a call at 810-397-3803 so we can discuss your needs. www.tammylordsellshomes.com