Setting The Asking Price For Your Home-Whats It Worth

Setting The Asking Price For Your Home-Whats It Worth

Setting The Asking Price For Your Home-Whats It Worth

As the seller, you are often going to have trouble with setting the asking price for your home. If it’s over priced, it will sit on the market for too long and if it is under priced, you might not get any money back on the renovations you just made.

This is why it is important to consult a real estate agent before proceeding with any sort of real estate decisions. They have all the resources, which you don’t have access to and they can easily find any information they need. There are many factors that you need to consider before setting the asking price for your home and you can do so easily with a real estate agent by your side. You see… the first thing buyers notice when they see the listing is the price of the house. If they find it too high, they don’t even bother to look at the pictures of the house.

Following are two things that you need to do before posting an ad online of your home for sale in Oakland County, Michigan:

Get Free Evaluation

There are hundreds of websites that will give you an accurate estimate of your house based on its details such as square footage, number of rooms, location and more. A free evaluation gives you an idea what your home for sale in Oakland County, Michigan is worth. You can get as many evaluations as you like and then compare the prices. This will give you a solid idea regarding the prices in your neighborhood .

Let’s assume that your neighbor just sold his house. The location and the square footage of the neighbor’s house put your house at equal footing. So, you decided to sell your house at the same price. Months go by and many buyers tour the house. However, none of them come back with an offer. Why?

This brings us to our second point:

Look at the Comps

Comps refer to comparable houses that you can look at to set the asking price that suits your home for sale in Oakland County, Michigan. House that have been sold last month and were identical to yours with no additions can be used as compass. The good news is, a real estate agent has a whole database of comps, which makes it easy for him to help you set the asking price. You can find information on your own too by taking with the locals and other neighbors in your area. In the end, regardless of what the real estate agent recommends, you will have the last say on the asking price. However, it is better to trust the agent because they have sold dozens of houses, which is what makes them experts at their job.

Sometimes, your house might be valued at a lower price than you expected. It’s hard to not get emotional in such a case, but it is also important to think practically in such situations. This is where a real estate agent comes in because they have an unbiased perspective. Looking for a real estate agent to help with your house sale? Visit my website Homes2MoveYou now and contact me for a free evaluation of your home to get an appropriate asking price for your home.

Listing: Open House Modal

 

Comparative Market Analysis Knowledge-Realtor Tom Gilliam

COMPARATIVE MARKET ANALYSIS KNOWLEDGE


It would be a mistake to take the word of an appraiser about what your home is actually worth on the market, but a Comparative Market Analysis is the next best thing when selling your home in Oakland County Michigan.

You will get different appraisals that yield different results. An agent who specializes in Oakland County Michigan real estate can do a Comparative Market Analysis based on your specific neighborhood and its features.

Well, you’ve decided to enter into selling your Oakland County Michigan home. Well, except for the fact that there is so much information that you have no clue how to begin. Don’t fret, real estate selling tips are here!

Listed below are some tips that will help you get started and organized so that you can successfully sell your Oakland County Michigan home.

Inexpensive kitchen updates can play a major role in the appeal and value of your home. Adding one eye-catching appliance, like a stove or refrigerator, can make the kitchen more attractive to buyers. Island fixtures add extra counter space, while hanging storage de-clutters the cupboards and serves as ornamentation. No wonder they are such popular upgrades. Rather than investing in the replacement of all the cabinets, try a new paint job, which is much less expensive for a new look.

IMPROVING FOR BEST PRICE

Improving your home’s curb appeal will help you to sell your Oakland County Michigan home faster. Your lawn is one of the first things a buyer sees as they pull up to your house, and it is one of the last things they see as they leave. Your yard can make a huge impression on the buyer’s overall feeling about the house. Repair your driveway and tidy your yard to make a good impression.

Sellers are more motivated and inclined to negotiate during the fall months. They may have rejected offers during the spring and summer months that they would be more than happy to accept this late in the year. If a home that you looked at earlier in the season is still on the market, go back with a low offer and it may be accepted.

When you have your home assessed and inspected in order to sell it, don’t automatically assume the assessor and inspector recommended by your real estate agent are the best choice. Selling a home is probably one of the biggest financial transactions you will ever make. You need to be sure that the people responsible for determining the value of your home are trustworthy. A Comparative Market Analysis can help you determine what other homes similar in your area have sold for , it is suggested that it be within the last six months as the housing market changes rapidly at time.

WHY A CMA?

Comparative Market Analysis is an important first step in Selling a Home in the Greater Oakland County Mi area, it is full of statistics and other criteria that a Realtor like myself uses to determine what the value is of your home in comparison. The Comparative Market Analysis can also be used for a Home Buyer to determine if they are paying to much for a Home they are considering making an offer on. The CMA is the best tool we have in our arsenal to help you and work with you towards your Home Selling or Home Buying needs. If you are interested in getting a CMA on your current property for free and no obligation please fill out the form below and I will have it to you in no time.

REQUEST A SELLER GUIDE


Comprehensive Real Estate

Seller's Guide

Comprehensive Real Estate Seller's Guide

Check Here: If your looking to get an INSTANT FREE HOME VALUATION REPORT for your Novi, Northville, Farmington Hills, West Bloomfeild, Troy, Rochester Hills or Greater Oakland County home. A FREE no Obligation HOME VALUE REPORT will be sent to you right away.

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