It’s time to sell your Clearwater home. Do you know how to price it to get right into the sweet spot? That sweet spot where the home sells quickly and for the price you ask? There is a way to find that spot and here are some tips to get you there.
First, find out what comparable sales have taken place
Keep in mind that the asking price of a home is a lot different from the sales price of the home. For comparables you need to look at sales price, not list price. Look at sales prices for homes sold within the last three months.
Specifics to take into consideration
Next thing to keep in mind is that just because a home is in your neighborhood doesn’t mean yours is worth the same. There are a lot of different specifics to take into consideration. Things like lot size, number of bedrooms, number of baths, square footage of living space, whether it has a garage or not, and so on. Other things that make a difference are home upgrades. Just remember that improvements depreciate over time. If you made a home upgrade to a bathroom 10 years ago, it won’t add as much as an update you made a month ago. Also keep in mind that super trendy updates can actually hurt your value. Why? Because they appeal to a smaller audience.
Price is always market dependent
In a seller’s market, which is a market where there is a lot of people wanting to buy but not as many homes on the market, you can get away with a higher price. But don’t let that make you greedy. Sometimes pricing just below market can work for you. It could generate enough interest that a bidding war happens and you get more than you expected. Of course that isn’t guaranteed, but it’s happening more these days in some places. In a buyer’s market, which is when there are more homes listed than there are buyers looking, you might need to price your home a bit lower than market value to attract a buyer.
Still not sure what to do? Call a the Deborah Ward and Associates for great advice 727-216-9247. No one knows the local market better.