Are you thinking of selling your home but unsure about its value?
It’s a common concern for many homeowners, and that’s why Coe Cameron from My House Sells Fast is here to shed some light on the matter.
In his latest video series, Coe Cameron addresses the question that most sellers ask: “What is the selling price of my home, and how do you get that number?” The answer, as you might expect, is not as simple as plugging in your property’s details into a real estate website and going with the suggested value.
According to Coe Cameron, determining the selling price of a home is a process that involves various factors, including location, features, interior finishes, and the condition of the property. However, to get an accurate picture of what your home is worth, you also need to consider the comparables in your area.
Comparables refer to recent sales of homes that are similar to yours in your neighborhood. By looking at the prices these properties sold for, you can get a good idea of what buyers are willing to pay for homes like yours. Coe Cameron suggests working with a real estate agent to get a comparative market analysis (CMA) to determine your home’s value accurately.
Common Mistakes in Pricing Your Home
One common mistake that homeowners make is pricing their home too high. If you’re not getting showings on your property, or you’re not receiving any offers, it could be an indication that your home is overpriced. The market speaks, and it’s telling you that buyers think the price is too high compared to other homes in the area. To avoid this, it’s essential to work with a real estate agent to come up with a strategic plan for pricing your home.
Coe Cameron recommends pricing a little below market value or at market value to attract buyers and set realistic expectations on how long it will take to sell your property. Every two weeks, the market will give you feedback on whether your home is priced correctly or not, so it’s essential to pay attention to these signs.
Another mistake that homeowners make when determining their home’s value is relying solely on information from the internet. Coe Cameron cautions that not all websites use the same algorithms or data points, so it’s crucial to work with a real estate agent who has access to the most accurate and up-to-date information.
In conclusion, determining the selling price of your home requires a comprehensive approach that considers various factors, including comparables in your area. To get an accurate picture of your home’s value, it’s essential to work with a real estate agent and obtain a comparative market analysis. By avoiding common mistakes like overpricing and relying solely on internet data, you can set realistic expectations and make the best decision for your property when the time is right.
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Author: Coe Cameron
Coe Cameron is an experienced realtor at Keller Williams, Atlanta, Georgia.
He has closed hundreds of deals over 10 years of real estate experience.
In 2021, he was featured as March Rising Star 2021 by Great Atlanta Real Producers and was nominated by them for On the Rise Award 2021 🥉.
What sets him apart from other realtors is his passion for helping people achieve their dreams. Whether it’s finding the perfect home or getting the best deal on a property.