Once you decide to sell your house, there are different factors that you need to consider like the recent sales, as well as the active listings of homes that are similar to yours near the area. Proper research is needed so you can get the right price for your home. Hence, here are some guidelines from Zillow on how you can set the price for your home that you are intending to sell.
Find comparable sales. Look into some sales of homes similar to yours in the past three months and check their prices. Don't look into homes that were put in the market six months ago or were brought months ago. Instead, look into pending sales as your indicator of your home's pricing.
Home updates matter. Many home owners update the look of their house before staging it. This way, it will attract buyers since most would prefer those that are newly renovated with a fresh finish and new fixtures. It would be easier to sell a home that way. That is why, you must be open to create some changes in your house before your list it. And this will also increase the value of your home.
Every home is unique. It doesn't mean that just because your home has the same area and number of bedrooms with another house, that you can already sell it with the same price as that house. Remember that no two homes are alike and there are definitely differences in terms of layout and floor plan. Buyers prefer home with better floor plans and access to various parts of the home.
Check home sales. Go out and check nearby homes that are for sale. You can even look at the interiors too so you will have an idea why the home is priced that way. With that, this can help you decide on your pricing.
Other factors that affect price. Aside from the exterior and interior finishes, there are many factors that may also affect the price like the home might have a different school or tax district even if it is in the same location as yours. It might be sitting on a double lot that can be separated and other reasons that add more value to the home.
Do not expect to sell your house overnight. Most homes are sold three or four months after but if they stay in the market longer than that, it could be an indication of poor pricing. Hence, see to it that your home's price is right so you can find a buyer. Or if you are not really sure of the pricing, then hire an appraisal or consult a real estate expert as Realtor Mag suggested.
