Determining Your Home’s Price
The real estate market is constantly fluctuating, so pricing is not an exact science. Rather, it’s a reasonable figure derived from a number of different components such as:The status of the current real estate market. The expertise and market knowledge of your real estate associate. Hard facts such as lot size, square footage and condition of your home. Desirability factors, including location, special amenities and property attributes. Selling and listing prices of comparable homes. A sophisticated real estate marketing plan. Your level of motivation.
It’s important to note that the following conditions do not affect your home’s price.The profit you wish to make from the sale. The amount of money you’ve spent on improvements. What other sources, such as friends and appraisers, have told you its worth. What you originally paid for the home.