Most importantly, Price It Right! To begin with, you need to a thorough Market Analysis, including a Competitive and a Comparative Market Analyses and the Absorption Rate Analysis for your area. It is also something that you need to keep up-to-date with since market conditions can change rapidly and often. Your REALTOR® will play a very important role in this process because of experience and access to information that may not be generally available to the public.

The competitive market analysis gives you a look at your competition by showing you the current list prices, for houses like yours, in your area. If houses, like yours are selling for less than you think that they should, you should dig into this and see what is happening that is affecting prices.

The comparative market analysis looks at the sold prices, including seller contributions to buyer closing, for houses that have sold recently. The sold prices include houses, like yours, that have sold within the past three months.

The absorption rate is used to give you an idea of about how long you can expect for your house to be on the market. If you list your house and don’t get showings or your get showings and no offers within the first week, you may need to reevaluate your list price and have your REALTOR® ask questions of the showing agents as to how the buyers felt about your property, it’s condition, curb appeal, location, and anything else that might give you insight as to what steps you need to take to get your house sold. Read my guide for How to Sell Your House Fast for some very important information about preparing your house for sale and marketing it for the Right Price and get is sold quickly.

The entire scope of your property and area should be taken into consideration, as well as market trends. Are house prices going up in your area? Are they declining or staying relatively constant? How are the schools that your house is zoned to? How is the condition of the subdivision and surrounding area?

If you are serious about selling your house, or if you are just curious, just fill out the form below, with the necessary information and any comments or other information that might be helpful and I will get back to, via email, today. Contact me any time. I love Real Estate and love talking about it with my customers. Make my day and contact me today!

For a personal consultation, just fill out the form and let me know when an where you want to meet to discuss your situation.