When buying or selling real estate, it is good to understand how the price is determined.

What Determines Listing Price?

There are a lot of things that need to be done *just right* when selling your home – pricing it well & competitively is one of the most important.  What are the key factors that go into finding the right listing price?  When listing a home for sale, we prepare a comparative market analysis (CMA) first.  The CMA compares the subject home to others in the area that have sold over the past three to six months.  How your home compares to homes with similar square footage, bedrooms, bathrooms, lot size, and features is the best way to come up with a listing price. 

"We should start high and come down."  "We can come down, but we can't go up."

You might be making a mistake if you list your house for sale with that strategy in mind.  Research has shown that over-priced houses stay on the market longer, costing the seller more in lost profit.  Your best chance to find a buyer is within the first thirty days.  Read more about the Dangers Of Overpricing Your Home.  

Are you curious to know how much your home might be worth?  Try our online automated home valuation tool to determine how much your home is worth.  For a more detailed estimate, call us and schedule a time for us to do a comparable market analysis (CMA).