Here are a few tips to keep in mind to properly price your home for the market.
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For many first-time home sellers, determining the right listing price can be difficult, but if you’re listing your home soon, here are a few things to keep in mind to help you price it properly and sell for top dollar.
First, be careful when using one of Zillow’s Zestimates. These Zestimates are based on an algorithm, and they may not give you an accurate valuation. Home valuations kept by the county are also based on an algorithm, so be careful when using them as a source.
The appraisal itself is similar to a CMA.
One of the best ways to price your property is to use a comparative market analysis (CMA), which can be done by a real estate professional. This takes into account expired listings, sold listings, and current properties on the market to determine where you need to list your home and at which price range it will sell.
You can also hire an appraiser to determine your home’s market value. The only issue here is that it will cost you between $450 and $550, and the appraisal itself is similar to a CMA. Additionally, this appraisal may not be correct, and once your home goes under contract, the buyer will order their own appraisal, which may or may not align with your appraisal.
If you have any questions about this or any other real estate topic, don’t hesitate to reach out to us. We’d love to help you.