The most significant element in the sale of your home is pricing it correctly.
It is essential that you give it the right price, based on how much your home is worth and knowing how much you can sell it for.
You may have heard of homes that are relatively new, with excellent amenities and good curb appeal but do not sell. In such cases, those homes are likely overpriced, a big no-no is today’s competitive market.
To avoid that mistake, you need to know what the various factors are at play when selling your home in Incline Village NV.
And you need the advice of an expert real estate agent like me, Peg Augustus, for you to have the right information and guidance in pricing your home.
So what are the factors you should look into when considering the price of your homes?
Well, the first factor you would need to look at is the list of comparables in your neighborhood. These comparables are homes that are recently sold in your area that bear a resemblance to your home. It can give you an idea of the general price range of your home in the marketplace.
Market condition is another factor at play in pricing your home. The location of your home plus the market trend in that area can tell you whether you should price up or down. If you overprice your home in a place where price is declining, you may never sell your home.
Another way to determine the price of your home is through the comparative market analysis (CMA) from me. It contains a detailed market statistics, active and sold comparables, and may even include adjustments that your home offers.
Selling an Incline Village NV home should be based on data, not on heartstrings.
And ask yourself these questions so you can come up with a reasonable price, one acceptable to you and fair to the buyer.
1. Have you upgraded your kitchen?
The kitchen is the heart of the home. Thus, many buyers want it to be as efficient as possible.
Upgrading the kitchen need not mean installing granite countertops and stainless steel appliances.
A newly painted kitchen and energy efficient appliances can have a significant effect in pricing your home.
2. Have you added or remodeled a bathroom?
Remodeling an outdated bathroom can have a weighty impact on your home’s price.
An additional bathroom does not have to be expensive, and what is more, you can recoup up to 80% of your expenses.
3. Have you remodeled your home?
You may think of renovating the home as a major work, but sometimes minor remodels that would work almost as effectively as the big ones.
Adding a kitchen island, replacing the garage door, opening up the living room by knocking out a wall, or improving your basement space are some examples of minor home remodels that can still affect the value of your home.
4. Have you improved your landscape?
Never underestimate the power of curb appeal.
Buyers love homes with a beautiful landscape, and since it is the first thing they see when they approach your home, it makes sense to improve it for it can determine whether a buyer would be interested or not.
Are you ready to learn your home’s worth? Call me, Peg Augustus, at 775-831-2846 for a free home valuation. I have been a real estate agent in Incline Village for over 30 years, and believe in providing excellent service to my clients. I can give you a free home valuation and you are under no obligation to list with me.