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Price Your Home Right
The first step in marketing your home is to establish a realistic price. If you are priced too low, you run the risk of not maximizing your value, and if too high, you will not have any buyers interested. The careful balance of the optimal price to market your home is one of the key roles that the right agent will play in selling it.
Your home’s market value is determined by a combination of two primary approaches:
1. Comparing recent sales in the area to determine what the approximate value of homes similar to yours are selling for.
2. Determining what the replacement value of your home would be.
When your agent has done this research, you can be sure that their advice is factual, objective and designed to help you realize the highest price possible for your home.