What Is the Optimal Listing Price for Your Home?

by Glen and Lillian Ridgeway 06/02/2019

As a home seller, it is important to establish a competitive initial asking price for your residence. Yet determining the right price for a house sometimes is difficult.

If the price of your home is too high, for example, your residence may linger on the real estate market for an extended period of time. On the other hand, if the price of your house is too low, you won't be able to maximize your home sale earnings.

Ultimately, there are several things that you can do to determine the optimal listing price for your home, including:

1. Conduct a Home Appraisal

A home appraisal provides valuable insights that you can use to price your house competitively. If you conduct an appraisal prior to listing your residence, you can obtain a property valuation. Then, you can use this valuation to establish the ideal listing price for your home.

As you search for a home appraiser, be diligent, too. Employ a home appraiser who possesses comprehensive industry expertise and can perform a house evaluation at your convenience. By doing so, you may be better equipped than ever before to receive a data-driven house appraisal without delay.

2. Evaluate the Local Housing Sector

Take a look at the local housing sector – you will be happy you did. If you assess the prices of available houses in your city or town that are comparable to your own, you can use this information to see how your residence stacks up against the competition. Plus, this information could help you determine the optimal initial asking price for your residence – something that may lead to a successful house selling experience.

Don't forget to evaluate recent home sales in your city or town as well. This information can help you determine whether a buyer's or seller's market is currently in place.

3. Hire a Real Estate Agent

If you are unsure about how to price your residence, there is no need to stress. In fact, real estate agents are available in cities and towns nationwide, and these housing market professionals can make it easy to determine the optimal listing price for your residence.

A real estate agent typically will meet with you and learn about your house selling goals. Also, he or she can provide tips to help you upgrade your residence before you list it. A real estate agent can even offer a listing price suggestion.

Furthermore, as you navigate the home selling journey, a real estate agent is ready to assist you in any way possible. If you are uncertain about whether to accept a buyer's offer to purchase your residence, for instance, a real estate agent can provide an expert recommendation. Or, if you have questions about the home closing process, a real estate agent can answer them.

Want to optimize your home sale earnings? Use the aforementioned tips, and you can establish a competitive price for your house and increase the likelihood of enjoying a profitable home selling experience.

About the Author
Author

Glen and Lillian Ridgeway

We are a team of Realtors with the experience to make you feel “at home.” Strong supporters of the Sarasota “Support Our Troops” mission and avid volunteers, we prioritize a sense of community in our real estate process and reflect a love of our home neighborhood at Heritage Oaks in Sunny Sarasota.

Glen & Lillian Ridgeway have specialized in providing professional real estate services within private golf communities, waterfront homes, estate homes, new home sales, vacant land, investment properties and more in the Suncoast area (Sarasota & Manatee Counties) since 1997.

We can provide expert real estate services in:

Sarasota, FL

Bradenton, FL

Venice, FL

And Many More

Contact us so we can keep you updated on the latest real estate activities in our community and answer any questions you may have.

Team Ridgeway is a team of licensed Sarasota agents who are well-informed when it comes to searching for houses in Sarasota, Bradenton, Venice, and the surrounding cities. Call today and get dedicated real estate service from real estate brokers who are familiar with valuing or pricing properties in Sarasota. Submit a completed form today and get reliable recommendations!

Real estate transactions involve a significant amount of money and tons of complicated documents, so it is recommended that you seek help from a real estate expert. If you are buying a home, a real estate specialist can provide you with home prices you can afford. If you are a home seller, you want to work with a real estate agent (i.e. a listing agent/seller’s agent) that can negotiate a winning deal. The key is to get skilled real estate assistance from a real estate specialist who will place your interest above anyone else’s. If you are searching for a Sarasota real estate agent to help you look for homes, Glen and Lillian Ridgeway can help.

Thanks and we look forward to assisting in all of your real estate needs!