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Selling your home is a big decision. It can feel like a giant mountain of a task, and you may have no idea where to start. Your worst nightmare is selling way below value and losing money. Overpricing your home is as bad as selling it low... But whatβs the right price?
When you know the facts, you make better decisions. Itβs plain and simple.
Believe it or not, your homeβs market value is NOT based on the following:
βοΈ Your monthly mortgage payment
βοΈ Your opinion of how great your home is
βοΈ Your memories of your home
As a homeowner, itβs tough to see your home the way a buyer would. Although you think little Andyβs handprints in the front porch pavement are cute, a potential buyer will see them as just one more thing to fix. Keep in mind that a serious buyer will take critical mental note of the following:
βοΈ How close is your home to highways, schools and shopping centers?
βοΈ Does your neighborhood have sidewalks, underground electrical lines and a low crime rate?
βοΈ How big is your home? Does it have any weird layout issues?
βοΈ Does the ratio of bathrooms to bedrooms make sense?
βοΈ Updated appliances?
βοΈ How are the schools rated in your area?
These are just a few pointers which will give you a clear picture, but there are much much more to it...
If youβre thinking of selling your home, reach out to me and allow me to analyze this and many other factors to create your ideal listing price.