![]() Location also plays a role in determining which comparable sales - also called comps - your agent will pull. Toll explains that, “Location also factors into: are they on a busy corner, on a double yellow line road, or in a neighborhood with the best plot?” Consider your home’s locationĬan you walk to a top-rated elementary school? Is crime in your area low, and do you have easy access to public transportation? Factors like these can have a big impact on your home’s value.īeyond your neighborhood, where you live in that neighborhood matters. It’s the final price that you and your agent land on after considering the following factors: location, comparable sales, condition, and improvements. ![]() It’s not the price you might eventually sell for, nor is it the tax assessed value. It’s the dollar figure on your listing the first day it hits the real estate industry’s Multiple Listing Service (MLS) and is available to buyers. What is a “list price?” The list price is the price you offer your home for sale when you first put it on the market. #Mattermost valuation how toHow to set your home’s list price – 5 factors that matter most #Mattermost valuation fullWhile it can give you an initial idea of how your home’s value might have increased since you originally purchased it, it’s a good idea to meet with an experienced top agent to get the full picture. This online tool uses information from multiple sources to create a real-time home value estimate based on current market trends. By that point, they’ll see that it’s been sitting on the market and wonder if it has any flaws.Ī good starting point to see what your home might be worth is with HomeLight’s Home Value Estimator. She says that, “The most important factor of getting that list price right is the most visibility to the right buyers the first time around.”īuyers commonly narrow their search based on price parameters, and if you price outside their budget they won’t even see your home until you’ve had to reduce the price to fall into their range, Toll explains. Megan Toll is a top agent in Philadelphia, Pennsylvania, who works with 67% more single family homes in her area than the average agent. It’s extremely important to get the list price right from the first day your home goes on the market. Your home’s estimated worth sets the list price. Or, maybe you want to make a profit and use that cash for retirement. When you decide to sell your house, one of your first questions is probably - how much can I sell my house for? If you’re like most home sellers, you probably plan on buying another home with the proceeds. ![]()
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