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How to Price Your House for Sale Effectively

How to Price Your House for Sale Effectively

Correctly pricing a property is one of the first fundamental steps that you must consider before selling your house. You do not want to underprice or overprice your property. In this article, we have compiled a list of actions that you might consider following in order to price your house for sale effectively.

Evaluate the Market

Visit one of the property listing websites and look through recently sold properties. The information will certainly give you an idea of the dynamics of the real estate market in your area.

Get Help from Real Estate Agents

Ask your real estate agent (if you have one) to provide you with a Comparative Market Analysis (CMA). It is a list of recent sales from your area of interest. Even if you are selling your property by yourself (without an agent), you can still contact a real estate professional in your area to request a CMA. Many agents will be happy to provide comps to a potential client.

Evaluate the Value of Your House by Hiring an Appraiser

If you believe in the uniqueness of your property, consider hiring an independent appraiser. For a relatively low amount of pay (a few hundred dollars), this type of specialist will evaluate the price of your home.

When the Home Price Is Determined

When the home price is determined, and the buyer is found, initiate the sale. You want to ensure that your property is sold quickly and securely. For that, consider using platforms such as Propy. Propy’s transaction platform speeds up the process of closing real estate by bringing all involved parties into one platform. Propy keeps transactions secure, allowing buyers to avoid potential wire fraud activities.

Learn more about Propy in the below video:

Read: Which Real Estate Transaction Solution Is Right for Me?

Read: How to Expand Your Business Using the Right Platform

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