One of the best Tampa Bay home selling tips is how to price right. It is also one of the trickiest parts of selling your home. Pricing it right for not only what you need out of the sale, but for the neighborhood and to make sure it sells. So how do Realtors figure out that magic number? A few things come into play, especially in Tampa Bay. Here are some home selling tips for pricing right for your neighborhood.
Check the comps
First, know what other homes have sold for in Tampa Bay. Check comps, or comparable homes, for their sale prices. Do NOT look at listing prices. Other homes may have been overpriced or underpriced. Comps also tell you if your home and the sold home have the same amenities. If the comp house has been updated with granite counters and your home still has laminate counters, the asking price of your home won’t be as high.
Location counts
That leads to some of the other reasons why homes are found at different price points. One of those items is location. Where is the home? Is it in a gated community? Is it in a great school district? Does it have a homeowners’ association that keeps the quality of the neighborhood higher? Is it a waterfront or water view property? All of these things will mean you can price your home higher. However, location can have negatives as well. Is the home on a busy street that is noisy or unsafe for children? Is it near an airport or railroad tracks? Is the neighborhood decaying? All of these may mean that no matter how gorgeous your home is, you won’t get top dollar.
Home condition
Another home selling tip is that home condition affects price . Is the home updated? How new is the roof? What about the home’s systems (electrical, plumbing, heating and AC)? Are they up to date or in need of repair? Have the appliances been updated? The important rooms to focus on are kitchens and baths. They are also the most expensive, but they are what buyers look for to be fresh and up to date.
Pricing your home right is important. If you aren’t sure what to ask, bring in a Tampa Bay real estate professional like Deborah Ward and let her do it for you.