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Are you interested in selling your house and rolling some of that equity into your next one? Do you have to move for a job and need to figure out how to get as much money for your home as possible?

If so, then you need to answer the age-old question of “how do I figure out how much to sell my home for?” There are many things that you should consider when deciding how to price a home.

See below for an in-depth guide on how to price your home and all of the factors you should consider as you determine the asking price.

What Selling Costs Should I Be Thinking About?

Unfortunately, selling your home won’t be as simple as setting a price and waiting for someone to pay you that amount. If only it were that easy.

Unless you’ve been through the home-selling process before, you probably don’t realize the amount of money that goes towards selling costs. Knowing what these are will help you gauge the right asking price for your home to cover them.

Real Estate Agent

You wouldn’t go to court without an experienced lawyer to represent you. You wouldn’t ride a boat that didn’t have an experienced captain (or boat driver) at the helm. Why do any differently when looking to sell your home?

An experienced real estate agent can assist you in calculating the perfect price for your house. They can also help you list it online to get it in front of people that would be interested in your home.

Hiring one of our real estate agents can also speed up the timeframe for receiving your preferred price (if not more). Are you moving soon? No problem. Do you have a small timeframe to make it happen? We will be happy to help you out!

Staging

The staging process is a necessary evil. While many homeowners might find it difficult to keep their home properly staged if they still live in it, it goes a long way towards getting your asking price.

However, staging doesn’t come cheap. It can cost several hundreds of dollars to give off the vibe and impression you’re looking for. Some of those costs can be cut if you’re still living in the place.

Our real estate agents can help you through this process. They’ll either figure out a way to keep the staging costs low or have it covered in your asking price.

Repairs and Inspection

Before you stage your home, you have to make sure all pressing issues are repaired to make it more appealing to interested buyers.

This could be things such as laying a fresh coat of paint, plumbing issues, electrical issues, and any landscaping needs that could scare off prospects. If you’re unsure what those look like, your agent can provide more insight.

It’s always a good idea to schedule a pre-sale home inspection. They will inspect different aspects of your home such as its HVAC system, plumbing, wiring, insulation,  foundation, and so on.

You can use the report that the home inspector gives you as a “cheat sheet” to address all the biggest problems. That way, when your future buyer schedules a home inspection of their own, it will pass with flying colors!

What Determines My Home’s Value?

Ask any real estate agent what factors go into setting the price for you home, and you might get 10 different answers.

The key is to focus on a few of them and combine them as you and your agent reach a price that you’re comfortable with. See below for more details on what those look like.

Location

You’ve heard the saying “location, location, location!” before. Never is it more appropriate than when talking about the price of a home/building.

The location of your home can either help or hinder your asking price. If you’re in an up-and-coming area, then you should be compensated for it.

Buyers often look for homes that are near schools, entertainment, stores, bodies of water, downtown, nature preserves, and so on. Make sure to factor in how close your property is to these attractions. You can use it to your advantage.

Square Footage

Put yourself in the shoes of a buyer: if you’re going to spend money on property, you want to get as much of it as you can.

This is a pretty easy concept to understand: the more square footage (space) your home has, the more you should ask for when selling it. However, calculating the price based on square footage isn’t as cut-and-dry as you might think.

We can help you understand how to price your home similarly to houses that might have up to 20-percent more or less square footage.

Amenities

If you sat two similar houses with the same number of bedrooms and bathrooms side by side, then an interested buyer would be happy to have either.

However, if one of those houses has more amenities (such as a pool, fireplace, new deck, or remodeled kitchen), then they’d be much more interested in that one. Since the demand is higher, you’ll ask more for the house.

We at the Tri-County Team will help you put a price on each of the amenities and upgrades you’ve added to the home. Thus helping you configure the final asking price.

How Much to Sell My Home for: Find the Right Agent to Help

The process of answering your question “how much to sell my home for?” can be a confusing one, but you don’t have to go it alone. You can use our experienced team to help you set the optimal price.

Be sure to read this article for more information on how to make your home more valuable to lure the right buyers in.

For more inquiries, please feel free to reach out via our contact us page and we will be happy to assist you further.

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