Many people consider their home their most significant investment. And while that may be true, it can also be one of your biggest headaches – especially when you're ready to sell.
Determining the right price for your property can be tricky, but you can follow a few real-estate trends to make sure you're pricing your estate competitively. So, if you're looking to put your home on the market, read on for some tips on how to price it correctly.
1) Begin by getting an Instant Home Valuation -
This is a great starting point to help you ballpark your home's worth. All you need is your address and some basic information about your property, and you'll receive an estimated value right away. However, don't forget that this is just an estimate – your home may be worth more or less depending on several factors. Professional realtors can help attach a great value to your property.
2) Look at Recent Sales in Your Neighborhood -
This is one of the best ways to determine what your home is worth. Consider sales of similar properties in your area, and price your home accordingly. You can find this information online or ask your realtor for help.
3) Consider Your Home's Conditions -
The condition of your home will also affect its value. A beautifully updated and well-maintained home will be worth more than a fixer-upper. If your home needs repairs, you may want to consider making some updates before listing it for sale.
4) Know Your Home's Features -
Some features are more valuable than others. For example, a home with a pool or a finished basement will usually sell for more than a comparable home without those features. Knowing your home's most valuable features can help you price it accordingly.
Similarly, it would help if you also had an idea of market requirements and conditions. For example, remote work is trending today, so a private workspace or a study will attract significant value.
5) Look at the Local Economy -
The local economy's strength also influences your home's selling price. If there are many job opportunities and population growth around your area, it makes sense to add the price. On the other hand, if the local unemployment rate is high or there is a recent decrease in the average income, these economic conditions will hurt your home's value.
Some Home-Buying Trends in 2022 -
- The average home size will continue to grow as more people work from home.
- Home prices will continue to rise as the inventory of available homes for sale remains low.
- Fixed-rate 15-year mortgage rates are expected to climb to 4.75-5% this year.
- More buyers will be looking for larger homes outside city centers.
If you're looking to sell your home in North Fort Myers, TX, it's important to price it correctly. Keeping up with market trends is essential to get the best return on your investment. Bonnie L Miller PA, CNE-Exp Realty LLC, has the latest information and knowledge about what's selling and for how much in your area.
Contact us today to make an informed decision when selling your property!