Setting a List Price
Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, the McAlister Home Group will help you set your list price based on:
- Comparable sales
- Market conditions
Price Against Comparable Sales in Your Neighborhood
No matter how attractive and polished your house, buyers will be comparing your price with everything else on the market.
Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood. The McAlister Home Group can furnish data on sales figures for those comparable sales and analyze them to help you come up with a suggested list price.
Competitive Market Analysis (CMA): A Comparative Market Analysis (CMA) will help in estimating a possible sales price for your house. The analysis will also include data on nearby houses that failed to sell in the past few months along with their list prices.
Formal Written Appraisal: A formal written appraisal (which may cost a few hundred dollars) can be useful if you have unique property, if there hasn't been much activity recently in your area, or if there are any other circumstances that make it difficult to put a value on your home.