The most important part of marketing your home is determining the Listing Price. There are dangers associated with both under-pricing and over-pricing a home. A home listed above market will have fewer showings, encourage buyers to focus on flaws, and may actually help sell other competing homes on the market. However, a home listed under market will result in money being left on the table. It is a delicate balance and is affected by numerous factors:
Factors affecting the value of your home:
- Location
- Physical characteristics - square footage, bedrooms and baths, layout, etc.
- Condition
- Competition - recent sales, other homes currently on the market.
- Current market conditions
Factors irrelevant to your home’s value:
- What you originally paid
- What you’ve spent on improvements
- What you need or want from the sale
- Tax assessed value and “real market value”
Both the buyers and their agents need to think that your home is a fair value. If there are no showings, agents have rejected the asking price. If there are showings and no offers, buyers have rejected the asking price.
What is the Current Value of Your Home?
Simply complete the form below. We will email you a complimentary Comparative Market Analysis showing what similar homes have sold for, and the asking prices of nearby homes on the market. This report cannot, of course, replace the detailed market analysis we would prepare when you are ready to sell, but it will give you a rough idea of the value of your Portland home in today's market.
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