How To Price Your Home In Today's Market
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Dublin Ohio home values are changing every day. As a Dublin, OH home seller, you need to know what your home is worth in the present market. The Hetherington Team uses the latest comparable data to determine your home's value. It's called a CMA, or comparative market analysis.
A CMA looks at all homes for sale in your specific neighborhood. With the changing market, it's important to stay current. Generally, the report focuses on all home sales in the last 6 months to one year.
The report will help you determine what homes are selling for in a price per square foot analysis. A home's size is just one factor in pricing. Location is another key factor. Is the home on a corner, near a busy street, or on a quiet culdesac? Besides size and location, how updated a home is will also be taken into consideration when you price your home. Buyers love updates to kitchen and baths. A new roof, hardwood floors and a new energy efficient furnace are also fantastic updates that will help you when it comes time to sell.
The amount of competition in your neighborhood also impacts your resale value.
When there are several homes for sale in the same general area, the home that is the most updated with the fair price usually attracts the first offer. If your home is priced higher than other comparable homes in the neighborhood, you will likely be on the market longer. Aim for the middle of the road, which leaves room for healthy negotiation and entices a serious buyer to make you an offer.
A good real estate agent will help you determine the best price for your home.
If you are thinking about selling, give The Hetherington Team a call. They'll help you determine what your home is worth and guide you every step of the way.