Price
Finding out how much you need to sell your house to ‘break even” is a great starting point for pricing your house. Working with an agent you can factor in how much to pay off your existing mortgage, estimated closing costs and fees to determine how much is needed so you won’t have to pay at the time of the closing. After figuring out a starting point, your agent can run some comparables to see what similar houses are priced at. The agent can also provide valuable information on what and how fast houses are selling in your area. It’s also good to know how many houses are for sale in your community.
You’ll know if you priced it right on how long it takes to get an offer, if you get quick offers, it is priced just right, if it takes longer than the average in your area (an agent can give you that information) then it may be priced too high.
Condition
Sometimes very small fixes can elevate your home to the top of a buyer’s list. Sometimes you have to spend money in your home to get a better offer and possibly recoup the money you invested. A good real estate agent can help you with what should or needs to be done to the home to put it on the market.
Location
We’ve all heard the real estate saying “location, location, location.” Well, there is actually something to that saying. There’s not much you can do about your neighbourhood. The best you can do is make your home more appealing and attractive with detailed landscaping, proper fencing to block out unattractive views and sounds, keeping your price low and the actual house in great condition. Even if you have a great location, overpricing your home is not a good idea.
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