Three Tips for Pricing Your Home

Relying of your real estate agent to price your home appropriately is never a wise decision. That is not to say that they shouldn't be trusted. But as the owner you should have some say in the price that you decide to list your home for. Here are some tips for pricing your home fairly given your needs.

Online Tools

The internet is perhaps your greatest asset when it comes to doing market research home values in your neighborhood. Websites such as Redfin have fabulous tools for using as a baseline for comparable properties in your neighborhood. It uses multiple factors in order to determine the fair asking price of your home in the current market.

Market Comps

comps

With your home value estimate in mind, you can now begin to look up actual homes in your neighborhood to see what they recently sold for. You will want to find homes that are not only similar in size and number of bedrooms, but also in the degree of custom finishes. If there are other features of your home that you feel might add value to it, discuss with your realtor on how to add that nominal value to your list price.

Pricing

Depending on your individual circumstances you may have plenty of time to wait while your home sells or you might just want to get the deal over and done with and move on. Pricing your home competitively can mean pricing it slightly below other comparable homes so that you spark interest and perhaps even a bidding war.If you are interested in buying or selling a property in the Costa Mesa area, Contact Torelli Realty.