When it comes to selling your home, creating the perfect listing is key. While it can be tempting to price high and hope for negotiation, this model can repel potential buyers from the beginning. Each piece of real estate for sale needs a unique pricing model. By understanding the home appraisal process, you can land on a price that will attract attention and lead to a sale. 

How Do Appraisers Price A Home?

When professionals price real estate for sale, there are many factors to consider. A final price will include your home’s condition, specific home features, and comparative sales in the area. Before you sell property, you can expect an appraiser to consider the following factors. 

Home Assessment 

One of the first steps of pricing a home is to consider the condition of the home and overall physical characteristics. An appraiser will look at the state of the features that are actually attached to the home and property. This includes, for example, the roof, windows, foundation, furnace, and plumbing. They will also consider characteristics like the number of bedrooms and bathrooms, square footage, location, curb appeal, and age. All of these factors come together to determine the overall property value. 

Neighborhood Comparisons 

In most cases, an appraiser will look at comparable listings within a mile radius of real estate for sale. They will look at home sales within a six-month timeframe and assess the price, as well as the speed of sale. An appraiser can also look back at how many offers these properties had at the time of sale. This gives an idea as to what you can expect from current housing market competition. 

Supply And Demand

The specific real estate market in your area is also a significant factor in pricing your home. Whether it’s currently a buyer’s or seller’s market can adjust the listing. Real estate for sale may get snatched up quickly in a seller’s market, so you will likely be able to list at a more competitive price. With so much to consider when listing homes for sale, this factor comes down to timing. It’s important to be realistic about how the market is moving, and we can help provide this insight. 

By working with a real estate agency to help set the price of your house, you can rest assured that your house is listed at a fair price. As your listing attracts attention, you can find the perfect buyer at a price that fits. 

Ready to get your house on the market? Open Real Estate. in Lakewood, CO is here to help you price your home and create the perfect listing. Marketing real estate for sale is all about knowing the market, and they have years of local experience to help you secure a sale. For more information on their real estate services, visit their website or call (303) 232-1111 today.