If you plan on selling out your house, it’s not easy to price it. There are many things to consider first before pricing out a property. You have to do research, and we guarantee you that it’s not easy, why? Because every home has its own story and it is unique unlike the appliances or the groceries you buy out there.
You have to look upon the recent sales and the active listings of the same houses around your area. With these, you can analyze a pricing after combining what you have researched but of course, with the help of the market knowledge of a real estate agent. So if you wanted to have a good pricing of your home, listed below are some guidelines you need to consider before pricing your house.
Find and compare the sales within the past three months
Yes, within the past three months because the market isn’t steady as you think it is. It changes fast. Sales deal that has been made for more than six months is not applicable anymore, and that’s how fast the market goes. Your best indicator of the current condition of the market is the pending sales.
Consider the fixtures and finishes.
If you think that you don’t need to fix the broken things in your house because you won’t be living in there anyway, that’s wrong. For you to sell a home, remember that the renovations do matter. A renovated home with neutral finishes is more likely to be sold out than the one that looks abandoned or outdated.
You may be asking why would you still put out money for renovations and finishes if it’s not yours anymore? The good news is that the amount of money that would cost to renovate your home is a lot less than the difference in value. It would be perfect to make little changes before listing it up for sale.
Check out the other houses for sale.
Other houses that are for sale can be a good reference on pricing out your home. You can go on open houses nearby to check out the interiors and what will people consider in buying a home. Place yourself as if you’re the one who’s going to buy, with that, you will know what you need to do or upgrade to be able to sell out your home successfully. Make your home informed and do not just rely on when the agent said about a particular home or the market in general.
Bring out a real estate as early as you planned on selling out.
It is better to use an agent as a resource to help you with the things that are needed to do on selling out, and they can help you with the pricing. Agents are the ones who know the market inside out as they tour regularly with open houses. Agents can give out tips on how to make a more valuable home. But always remember to do your research, too and don’t give out your full trust on other people. It’s still all up to you.