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5 Reasons to Know You’re Selling Your Home for the Right Price

House_For_Sale

You’ve decided to sell your home and embark on a new journey. But you may be wondering if you’re selling your home for the right price. To pinpoint the best asking price for your home, consider the following factors:

The Market

The first determining factor in determining the selling price of your home is the market. The market cannot be controlled. You should, therefore, look at the price listing for houses in your neighborhood and regular market updates to ensure if your house is priced correctly.

Activity During Showings

You will know your home is priced correctly if there is a lot of activity within the first few weeks. Activity means showings, phone calls and emails, second showings by same interested buyers, and offers.

To sell your home for the right price, you need to look at competing houses of similar size and condition. If your home has been on the market for a while and you’re not getting more showings or any offers, it is advisable to adjust your price.

The Value of Your Home

Before pricing your home, it is important to figure out how much your home is worth. You can do this by entering your address on Realtor.com which will price your home instantly based on data, like square footage and recent home sales in your area.

Professional Appraisals

Appraisals are done by professionals to determine the value of your home. Getting an appraisal is a way buyers will be informed that your home can be financed. An appraisal is however not a guarantee that it will sell for the quoted price.

Consultation With a Listing Agent

Real estate agents specialize in listing the right price for their clients by doing a comparative market analysis, a process that involves looking at similar properties that sold in the last three months.

The price your home will sell at will have to do with how well you can negotiate the price you want.

If you enjoyed this post, you might also want to read “The Latest on San Diego Home Prices”. 

Want to learn more about what San Diego has to offer? Sonja Huter is a premier specialist of luxury real estate in greater San Diego. If you’re in the market for properties in La Jolla, Del Mar, Rancho Santa Fe and other elite coastal communities in North San Diego County contact Sonja Huter Real Estate today!