Selling a Home: How to Come Up with a Fair Asking Price

When it comes to selling a home, listing it at the right price is of the utmost importance. However, knowing how high or low to price your home can be extremely difficult, especially when you aren’t familiar with the local real estate market. If you aren’t sure what to do, here are a few tips that can help you get started.

Identify Comparable Properties

As you try selling a home, the best way to acquire accurate pricing information is to look at other properties that have similar features to yours and are located within your local area.

Look at Listings and Selling Prices

After you’ve found comparable properties in your area, look at how much they’re being listed for. This should give you a good starting point for how much you should list your home for.

However, you shouldn’t only look at listing prices. In addition, while selling a home, it’s a good idea to look at selling prices, as well. This information can help you determine if the list prices of comparable properties in your area are realistic.

Work with a Realtor

Although it’s a good idea to do some research on your own to figure out where to price your home, the best way to ensure your home is priced effectively is to work with a real estate agent. If you want to team up with a realtor who has extensive knowledge of your local area, reach out to us, Ian Hawkins & Cindy Ryerse. We have years of experience in the real estate industry and can help you get your home ready to sell.