You’ve probably heard that a house is worth what a buyer is willing to pay to for it.
If only it were that simple!
A home that is listed at too high an asking price is likely to sit on the market. Potential and qualified buyers might decide not to tour it. They might assume that the seller is unrealistic or difficult to deal with. In other words, a house that doesn’t sell runs the risk of being stigmatized.
When a home is offered for sale at too low a price, the seller misses out on proceeds that might have been realized. Imagine how you would feel if you learned that your neighbor sold a nearly identical home for considerably more than you did?
I am often approached by homeowners with the question: How Much is My Home Worth?
I start by researching the negotiated prices of similar homes that have sold and settled. I also take a close look at properties currently listed for sale in your community to gain an understanding of the competition. Ideally, I like to visit the property to carefully evaluate its overall condition and unique features and attributes. When the research is completed, I suggest a narrow price range in which the house will sell in today’s market.
As methodical and calculated as it may seem, accurately pricing a house to sell is an intuitive process requiring experience, judgement, and a working knowledge of trends in local communities. It’s important that you work with a local Realtor.
If you are thinking about selling your home, I can assist you in determining its value. Click here to provide your address and contact information. I will get back to you with a valuation of your home after researching current listings and recent sales activity in your neighborhood. Or feel free to reach out with a phone call or an email to discuss the marketing of your home.
There is no charge to you – the homeowner.
I am a local real estate agent with Integrity Real Estate specializing in Harford County Homes, Havre de Grace Homes, and Cecil County Homes.