Determining List Price
How much is your property worth?
Your agent will perform what is called a Comparative Market Analysis on your property. This is basically an appraisal. Your REALTOR® will look at your property features and compare your property to other like properties that have sold in the same or comparable areas. The other prices are adjusted up or down for feature differences or area differences. At this time, your agent should also tell you what repairs, if any, should be done to make your home sell more easily. Some repairs cost more than they return and some return more than they cost. Your agent will tell you which you should do. Through this information, your agent will arrive at an expected sales price for your home. Generally, your house's listing price should be within 5-10% of this price. This allows for any market fluctuation and also gives you some room to bargain with the buyer. Then it's time to fill out the listing agreement and let your agent start marketing your home.