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There are several things to consider when your home is priced.
First, you have to look at comparables - what else is on the market and what else has sold in your area lately? That’s what an appraiser will look at when considering the numbers. You also have to consider the competition. How many other for sale signs are in yards around your neighborhood?
You must also consider your contingencies. Look at if there are new homes being built in your neighborhood, or are they all resale homes?
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You also have to consider the competition.
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Most importantly, be accurate. The best way to do this is by calling a real estate professional, like us. Every single day we look at homes so we can give accurate estimates, and we put reports together every single day as well. Here at Burch & Company, we use a report that measures the absorption rate, or how many buyers have been in and around your area, how many properties have sold in and around your area, how many properties are listing in the area, and how long it took those properties to sell.
With that info, we can give you a very detailed amount down to the dollar that we feel we can list your property for, and what we feel it will sell for.
