Your Home's Value

Pricing your home to sell is one of your agent’s greatest areas of expertise and an important reason why sellers benefit from professional assistance.

If you are working with an agent who is a specialist in your neighborhood, she will be more familiar that anyone else on what homes are selling for and how long it took for homes in your area to sell.  This knowledge of market value is valuable for home sellers to get the best offers for their homes.

The closer your asking price is to market value, the faster it will sell.  The trick is in determining whether the market is trending upward or downward.  You want to price your home low enough to entice buyers but not so low that you leave money on the table.

You may be tempted to price your home to help you meet financial goals such as retirement or to pay for your child’s college, but keep in mind that buyers will be considering the same comparables that you have.  Also, if you’ve reduced the equity in your home by taking out loans to pay off credit cards instead of using them for home improvements, you may find it difficult to price your home competitively.  It’s important to understand what the market will bear, and a reputable agent will provide that expertise for you.

You can use the Home Value Map below to get an idea of what your home's value is close to.