Best Practices for Pricing Your Residence

by Robin Anderson Real Estate 11/05/2018

Before you list your house, you'll need to establish a competitive price for it. That way, you can increase the likelihood of stirring up plenty of interest in your house as soon as it becomes available.

Now, let's take a look at three best practices for pricing your home.

1. Evaluate the Real Estate Market

The current real estate market's conditions can impact your ability to sell your residence. However, if you study the real estate market closely, you can differentiate between a buyer's and seller's market and plan accordingly.

In a buyer's market, the number of home sellers exceeds the number of homebuyers. As such, you likely will need to establish an aggressive price right away to separate your house from the competition.

On the other hand, a seller's market favors home sellers over homebuyers. If you're operating in a seller's market, you may be better equipped than ever before to earn a significant profit.

To differentiate between a buyer's and seller's market, examine the prices of recently sold homes and available homes in your area. This housing market data can provide deep insights into the current state of the housing market. Plus, this data can help you understand how your residence stacks up against the competition.

2. Conduct a Home Appraisal

Ultimately, a home appraisal can make a world of difference for any home seller, at any time.

During a home appraisal, a professional appraiser will examine your house both inside and out. Then, this appraiser will offer a valuation of your property based on his or her findings.

A home appraisal involves an evaluation of the current condition of your home, your house's age and your neighborhood. Therefore, if you complete a home appraisal, you should have no trouble using the appraisal results to help establish a fair price for your residence.

3. Collaborate with a Real Estate Agent

When it comes to selling a house, there is no need to work alone. Fortunately, if you collaborate with a real estate agent, you can receive expert insights into all aspects of the home selling cycle.

A real estate agent is happy to meet with you and learn about your home selling goals. Next, this housing market professional will offer home pricing recommendations, ensuring you can make an informed decision about how to price your house.

In addition, a real estate agent will go above and beyond the call of duty to ensure you can enjoy a seamless home selling experience. This housing market professional will promote your residence to large groups of homebuyers, set up home showings and open houses and put together an engaging and informative home listing. Also, a real estate agent will always keep you up to date about any offers on your home.

Looking to list your home in the near future? Use the aforementioned best practices, and you can establish a competitive price for your residence and boost your chances of a fast, profitable home sale.

About the Author
Author

Robin Anderson Real Estate

“My Passion is people and relationships and I promise to provide my clients with exceptional service tailored to their individual needs.”
-Robin Anderson

Robin is a Georgia native who brings her passion for people and her love of homes to work for her clients. She and her husband, Andy, have been married for almost 25 years and have two children, Ellen and Drew. They currently live in Fairburn but she has lived in Cobb County, Douglas County, Carroll County, and Coweta County. She has been a part of many real estate endeavors including,building and designing several custom homes, remodeling homes, sub dividing land, managing rental properties, and buying and selling properties. She has spent the last two years with a New Home Builder in Cumming, and City of Decatur, and she is excited to work with both buyers and sellers in her own community!

She believes that meaningful relationships bring so much joy to this world and she knows that real Joy comes from faith in Jesus Christ. Although she is driven to provide outstanding service to her clients, she is astutely aware that people want to know you care about them before they care how much you know.  She counts her family, friends, and community as her biggest blessing.
 

Robin is highly motivated but she is sensitive to the fact that selling a home can be a very emotional experience for the homeowner. So she endeavors to produce results for the seller quickly and makes it a priority to keep them closely informed throughout the process. She is appreciative for the opportunity to help her clients navigate through the real estate process and she aspires to deliver quality customer service that is both positive and informative.
She also understands the importance of marketing and she and her team employ the latest technologies, research, and marketing strategies to ensure that their clients’ properties are positioned and marketed for success. With professionally designed advertising strategically placed in magazines, direct mail publications and flyers, and Internet sites, her client’s properties receive the highest and most effective exposure in the market place. 

Testimonials

"My fiancé and I couldn't have imagined using anyone but Robin as our real estate agent! She was so enthusiastic to find the perfect home for us and took the time to listen to all the things we wanted in our first home together. She's knowledgeable, kind, and works incredibly hard. We texted her late at night more than a few times, and she didn't hesitate to offer advice or encouragement or look at new options for us. Would recommend 10 out of 10!! "

" Robin is the consummate professional! She sold our previous home and helped us through the processes of purchasing and construction of our new home. She is knowledgeable, responsive and takes care of her clients. We would happily ask Robin to represent us again in the future and highly recommend her as an excellent real estate professional."