Why An Agent Is Essential When Pricing Your House However, the current market is defying this trend. in april 2024, the median sales price for existing homes reached a record high of $407,600. this represents a 5.7% increase compared to april of the previous year, according to the national association of realtors (nar). The important issue for property owners is to understand why a broker suggests a particular price. related: what's my house worth? (4 ways to determine your property value).
Why An Agent Is Essential When Pricing Your House Live Towson Nancy When it comes to pricing your house, there’s a lot to consider. the only way to ensure you price it right is by partnering with a local real estate professional. to find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition. Based on what they estimate your home’s worth, your agent comes up with a list price. the price will most likely be at or below the fair market value for your house. this is to price the home competitively to get the most buyer attention possible without pricing your single family home too low so that you lose money. for a quick glance at how. For example, if you price your home at $302,000, you’re missing out on buyers that capped their search at $300,000 for just an extra $2,000. “buyers search for homes in $25,000 increments online,” says blum. “if you’re aiming for a buyer who will pay $250,000, you need to price it in that category.”. Top reasons to use a real estate agent. 🏠 sellers. 💰 buyers. listing agents know how to price houses. there's no out of pocket cost. listing agents know what local buyers are looking for. you'll find the right house faster. listing agents are pro marketers. you can get a professional second opinion.
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