This stage is where your knowledge of comparable home sales in the neighborhood, your house’s best features, and community statistics will all come into play. Deciding on the optimal listing price is a significant aspect of selling your home and can be a tricky step in the process. Working with a listing agent already gives you a leg up, as they will assist you in deciding on the best pricing strategy.
Start by looking to recent sales near you, particularly properties within a short distance from your house (preferably under a half-mile), were listed within three months of your listing, and are roughly the same age and condition as your property.
You will need to consider whether the market is currently a buyer’s market, a seller’s market, or a neutral market. The season and overall inventory of houses for sale in your neighborhood can also affect your pricing strategy.