Selling your home can prove to be a major undertaking in certain housing markets. However, some homeowners make the mistake incorrectly pricing their home for sale so it doesn’t reflect the home’s true market value.
Realtor.com has some advice on how to price your home accordingly to fit current market trends.
According to the source, no matter what measures you’ve taken in improving your home value, you need to abandon your personal point of view. How much you paid for the home or the memories you made while living there carry no value to a prospective homebuyer.
Inviting a few different real estate agents from different companies to give your home a comparative market analysis will give you an idea of what similar homes in your area have recently sold for. By knowing this you can start to gauge your home’s value, says the source.
Additionally, try doing some of your own market research, recommends Realtor.com. Do a little recon on other homes for sale in your area that are currently on the market. Attending open houses of other properties will give you the information you need to make an assessment on the selling power your home has in the current marketplace.
Staying informed is the first step to making the right choices on your path to qualifying for a mortgage. Freedom Mortgage offers mortgage trend updates every weekday that really help your extend your knowledge whether you’re refinancing your mortgage or comparing mortgage rates.
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