There are always 2 factors home buyers consider when searching for a new home in Sarasota: price & condition. Though condition plays a large part in the decision process, it still affects the price point of your home. We all think our home “deserves” this much and should sell quickly, but that’s not always the case. Overpriced homes will drive away sellers while leaving it under-priced will leave a hole in your wallet. To help you decide on the right listing price for your home, here are some tips:
Start With a Comparative Market Analysis
How does your home compare with other homes in your area that have sold recently or currently are on the market? Medway Realty agents will sit down with you and show you your home’s comparative market analysis. It’ll reveal optimal price points that we should target — as compared to other homes in the area. They look at home size, features, and overall location. To see your home’s comparative market analysis, contact us today!
Hire A Professional Appraisal
While a real estate agent is a needed resource for pricing your home and analyzing variables that go into listing it, an appraiser’s report is another helpful part of the equation. A state-certified appraiser can bring significant insight into your decision, since they will inspect your home from attic to foundation, making note of features, quality of construction, and other factors that might affect the home’s value. The appraiser’s report will give you an appraised value, but it likely won’t be the price that the house will list for or sell for on the open market.
Particularly in a sometimes-competitive environment like Sarasota, a real estate agent will bring clarity to the decision of how much to add on to the appraiser’s valuation. A good rule of thumb is to add on 10-15 percent, though 12-20 percent will be better in some cases in the Sarasota market.
Selling Your Home in Sarasota, FL
By comparing different venues of information, you can gauge for yourself what the listing price should be for your home. You can even take an extra look at what homes are selling for in your neighborhood. To learn more about the selling process, contact us with any of your questions or read our free home seller’s eBook: