The most important factor to consider when selling a house is pricing the house correctly; it's picking the absolute right price tag: how much your house is worth. Pricing a home to sell is all about supply and demand. Agents are much better at figuring out how to price your home.
The goal is to make your home stand out above the rest. It is highly important to get buyer’s attention from the start.
Research the Local Market
Sellers should research the local markets to see how homes that are comparable to theirs are selling, and at what price. Housing prices are subject to their local area demands. Do your research before attempting to price your home.
If you are not sure how to price your home you can search for a professional advice. Ask a real estate agent to share with you what they think is best. Even if you have yet to make a decision about selling, real estate agents will be happy to assist you with information about home sales in your area, and for your type of house.
You could have a list of educated opinions before making a final decision. Homeowners should be well educated on what their house is actually worth before placing it on the market.
A broker price opinion allows the seller to set value on their home by a Real Estate Professional, using comparable sold properties comparing the seller’s home to others that have sold in the market place within at least the last 6 months.
Who is your Potential Buyer?
It’s good to know who your potential buyer is; single professionals, couples with children, single parents. Knowing the profile of your buyer will help you to make the right choice when it comes to pricing. Take into consideration if your home is near schools, restaurants, shopping centers, etc.
Check out the Competition
Check out the active competition in your area. Are a lot of homes for sale? At what price point and in what condition? If you find a home similar to yours that has been for sale for a long period of time, it likely means buyers don't think the home is priced correctly for the market.