How Much is My Home Worth?

Intelligent Pricing is Vital

Pricing your home at market value will expose your property to a larger percentage of prospective buyers and you increase your chances of a sale. We will help you decide an appropriate, and achievable, price for your home.

Your Beverly-Hanks associate will prepare a comparative market analysis that will allow us to examine both the current market and the immediate past market in an effort to determine a realistic selling price based on numbers and facts. But pricing is about more than sold comparable properties. It is also about available properties offering similar amenities, location, and quality. Regardless of the reason why they are selling, sellers in similar price points are all competing for the same buyer. Asking too much might ultimately be more costly than asking too little for your property.

Our professionally prepared Comparative Market Analysis (CMA) is available at no charge or obligation. To request a CMA, CLICK HERE.

Some thoughts to consider:

Supply and demand influence values. Buyers have many very similar properties from which to choose. Those that are most competitively priced are purchased first.

It is critical to price your home compellingly when it is introduced to the marketplace. The old adage that there is never a second chance to make a good first impression is true. Buyers who visit your home have shopped, have seen competing properties and will buy based on value.

Condition affects sales price. “Parade ready” properties sell more quickly. Buyers have many properties to choose from and will purchase properties that need little or no work.

Properties in all price ranges are selling! While sales may be slower than in previous years, buyers are shopping the abundant inventory and selecting those that they believe have the greatest value for purchase. Price your property better than 98% of competition. If your goal is to accomplish a sale within a specific time period your property must be priced better than your competition to attract an offer.

Time on the market is money. Our goal is to negotiate the best possible terms for the sale of your property. To help make that happen your Beverly-Hanks associate will perform a Comparative Market Analysis (CMA) and help you set the listing price correctly. The CMA evaluates your current competition and the value of recently sold properties that are similar to your home.

Overpricing results in frustration for you. The property is being shown, but no offers are forthcoming. Or if it is significantly overpriced, consumers eliminate it while shopping online and don’t bother to see it at all. Forcing sellers to chase the market down through a series of price reductions results in a lower sales price and greater carrying costs.

How Much is My Home Worth?