Fridays with the Fiddle Fig: Determining Listing Price
This week's topic: Determining Listing Price
Who actually comes up with the price for listing your home? Your agent does.
How? We take all comparable prices, similar size, yard, and condition of homes that have sold in the last 3 to 6 months around your area. We look at the price they sold at and how long they were on the market. From there we look at market trends. This gives us insights as to whether we are in a buyer market or seller market, which then gives us a better idea of how to price your home.
It's really important to consider all of these factors so that your house does not have to take price reductions after being listed, this can give the wrong impression to buyers.
That being said, it is always a discussion we have when sitting down for the first time with a potential seller. We always want to help our clients make the most informed decisions when selling their home.