Factors to Consider When Pricing Your Home for Resale

Pricing your home right is a challenging task, as to encourage the timely sale of your home and you also want to make some profit. Once you decide to sell your home you have to get over the hurdle of pricing your home right. To ask for the right price, you need to consider a number of factors such as the recent sales and prices of listed properties in your area. With a little spade work and proper research you can figure out the right price and manage to sell your home faster.

Factors to Consider When Pricing Your Home for Resale

Factors to Consider When Pricing Your Home for Resale

Check recent comparable sales-Seeing the fluctuations in the real estate sector, make sure you check the recent sales and compare them for last few months. Don’t bother with homes that have been on the market for more than six months.

Give your home a final touch up- Before putting your home for sale, update it’s over all appearance, as buyers prefer to buy property that has new fixtures and fresh finish. Give your home a cosmetic treatment and a make-over. Making significant changes will boost up the value of your property.

Check homes for sale-To determine the right price for your home; you must check similar properties in your neighborhood. Look through the interiors of the homes and find out why they are priced that much. Doing this will help you enhance the value of your home and help you fetch the right price.

Consider getting the help of a real estate agent-It is always advisable to get the help of an agent. He will guide you and help you to get the right price and sell your home quickly. The agent will know the correct pricing, as he knows the market like the back of his hand and he also visits a lot of properties and knows what it takes to enhance the value of your property.

Highlight the unique features of your home-No two homes in the neighborhood can be identical, even if they have the same area and number of rooms they can be different in orientation, décor and sometimes the floor plan. Enumerate the features which are different and unique in your advertisement. Make sure the buyer knows what is different and the unique selling point of your home. This will justify your asking price.

Other factors like the amenities and facilities, public transport, infrastructure all come into play when you try to set a price tag to your property. Most home owners feel that pricing your home on a higher side as compared to others will help you get a better price, this may not be true and your home may stay for a longer period on the market making the sale difficult. So get a good agent, do your research and highlight the unique features to get the right price.

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