Pricing Your Home

When setting the initial asking price for your home, the best place to start is to get a Comparative Market Analysis (CMA). A CMA looks at what homes in your neighborhood, similar in size, location and construction to yours, have sold for recently. You can get a CMA through public records or your real estate professional can get it for you.

A real estate professional will help you set a price based on the CMA and other factors such as the condition of your home, recent improvements and its location. It is important to price a home correctly. If it is priced too high for the market, it may not sell or not sell quickly, causing you to have to lower the price. If it is priced too low, you may be leaving money on the table. Your real estate professional is your biggest advocate and will help you set a reasonable price, factoring in the possibility for negotiation from the buyer.