Single-handedly pricing your home is tricky and risky. Finding the perfect price means finding the right figures that would sell your home quickly and for top dollar.

According to the expert local realtor at Red Oak, Tricia Murphy, here’s how you do it:

Gather the necessary information.

Before you can strategize and establish your solid home price, gather data. The necessary information that we’re talking about here includes the following:

• Local market research in the neighborhood
• Comparative analysis in the seller’s market
• Latest property-assessed value
• Costs and taxes

After gathering information, establish some points and develop your initial pricing plan. To further help you, you can use apps like Homesnap in pricing your home.

Use strategic points.

Use strategic selling points like playing with the price figures. This means avoiding zeroes and having your price closer to fives or tens. For example, instead of pricing it for $221,300, consider changing it to $224,999.

Hire an appraiser.

Hiring an appraiser means backing up your initial pricing plan. To further assess the home’s value with precision, having an appraiser on your side will surely help. They are a professional whose job is to determine a home’s market value. 

Talk to your trusted real estate agent.

When it comes to achieving your objective, a trusted agent with established credibility is definitely your ally. They are generally experienced in navigating the local listing market and developing strategies that will benefit both of you.

Narrow everything down.

Now that you have the necessary information you need, the home’s appraised value, and a developed strategy from your agent, it’s time to narrow everything down and arrive at the perfect price to sell your home faster and for a better price.

Looking for a trusted realtor in Red Oak, TX?

Red Oak offers residents many calming parks and a sparse suburban feel – and apart from that, lots of affordable homes!

If you’re planning to sell or move in soon, please do not hesitate to reach out to Tricia Murphy | Explore Ellis County. To speak with a team member, just give us a call at 701-203-3356 or contact us online.