We recommend getting either a Valuation Report (AVM ) or CMA to use as a tool to help you price your home. There are many factors that go into determining the value of your property, including condition of your house, property values and the local housing market and trends. The price of your home should be based on both valuation and an objective assessment of current market conditions.
A few things to think about:
- Are there a lot of houses on the market in the area?
- Are houses selling slowly or quickly?
- Is the economy doing well?
- Are interest rates low or going up?
You need to research and find out what other houses have sold for in your area and what your competition has their houses listed for in your area. Armed with this knowledge you can then come up with a realistic price for your house.