When selling, it is critical to understand the value of your property relative to the market–the competition, houses under contract, recent sales and houses that failed to sell. We will develop a valuation band for your property using houses of similar location, size, style, age, lot size, etc. After adjusting for your home’s unique features, we will assist in its proper placement in the valuation band according to numerous factors such as market strength, time of year, amount of availability inventory and interest rates among others.
In setting the price, we will discuss with you the effects of overpricing and underpricing as they relate to showing activity, percentage of the market lost by incorrect pricing, days on the market, and offers as a percentage of asking price. Internet algorithms can sometimes give you an approximation of your home’s value, but having a professional real estate agent, who is familiar with your area, produce a comparative market analysis is the surest way to find your home’s current market value.