How to Price Your Home to Sell

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How to Price Your Home to Sell
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• One of the most crucial steps in selling your
  home is to price it correctly. You want to choose
  a price that will create interest. Price it too
  high and your home may sit on the market for
  months. Price it too low and you wont get the
  full value from selling your home.

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What to Consider When Pricing

• Several factors go into setting the right price
  on your home.
• The first one is what your competition is priced
  at.
•  the value of your house based on its condition.
  If your home needs repairs, it wont bring as
  high a price as one that has been
  well-maintained. 
• You must sell your home for at least as much as
  you owe or youll have to come up with the
  difference at closing. 

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Looking at Comparable

• Pay attention to homes on the market now in your
  area. Tour each of them to find out what makes
  them better or worse than your home. Notice the
  price and make a mental note to adjust your price
  up or down based on what you find. Also, pay
  attention to how long these homes have been on
  the market to give you an idea of buyer interest
  at the different price points.

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Know the Market

• In a sellers market, youll likely have multiple
  offers if you price your home correctly and get
  even more than your list price. When you know the
  type of market youre selling in, you can create
  an effective pricing strategy.

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Questions? More Information?

• Website http//michaelputnam.com
• Michael Putnam
• info_at_michaelputnam.com
• 703-928-6514
•  
• Sources
• http//michaelputnam.com/selling-your-home/
• http//homebuying.about.com/od/sellingahouse/a/Fig
  ureprice.htm
• http//michaelputnam.com/price-home-sell/