How to Price Your Home Correctly (The First Time)
When you’re selling your home, whether it’s a condo at Aransas Harbors or a luxury home on North Padre Island, the most important thing you can do is to price it correctly.
So where do you start?
How to Price Your Home Correctly… The First Time
Your Realtor® will give you a free comparative market analysis, or CMA. This analysis compares your home to other, similar homes in the area—those that have similar features, similar locations, and similar sizes, ages, and numbers of rooms—so that you can figure out the best selling price.
Your Realtor will look at:
- Homes that have sold and closed over the past 6 months
- Active listings
- Pending sales
- Expired listings (homes that didn’t sell during the listing period)
When your agent compares all these properties, she’s determining the sales prices, figuring out whether the prices were lowered, and how long the homes sat on the market before selling.
All of this information comes together to give you a good price range for selling your home.
What Happens if You Price Your Home too High?
Many sellers make the mistake of thinking it’s okay to overprice a home and lower it later, but unfortunately, it’s not. If you price your home too high, buyers won’t bite—and then you’ll have to lower the price. By that time, interest starts to wane, and buyers may begin to wonder what’s wrong with the home.
Are You Selling Your Home in Port Aransas or North Padre Island?
If you’re selling your home, we’d love to help you do so quickly and at the right price. We’ll be happy to give you a free comparative market analysis so you know exactly how much your home is worth. While you’re here, you can also download our free home-selling eBook and read our useful tips for selling your home faster.
When you’re ready, call us at 361-563-7788 or contact us online to find out how we can help you sell your home in Port Aransas or North Padre Island.
