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Listing Price
Dated: April 21 2023
Views: 56
As a Realtor, one of the most important questions I encounter when a client is selling their home is what should be the listing price? You can easily imagine why this is important to many sellers, as most are hoping to get a good return on their investment. Many homeowners wish to make a profit from the sale of their home, to have enough money after paying off any mortgages to help them purchase their next home or to finance the next chapter of their life. After deciding to sell your home with a qualified, experienced Realtor (such as, yours truly) setting the listing price is the next big decision homeowners must tackle.
The listing price can affect the ultimate selling price of a home. It is not a direct indicator, as homes can sell for over or under than the listing price, aka the asking price. But carefully choosing a listing price can affect the number of potential buyers that view your home. When you price your home above its market value (less competitively), you reduce the number of prospective buyers who will want to visit your home. When you price it below market value, you increase the number of interested buyers. The price you set and the level of interest you create should reflect your selling goals.
But how can a Realtor or homeowner determine the Market Value? There is no true way of knowing the monetary value of a home until it is sold, but it is possible to estimate the value of a home with a Comparative Market Analysis. Using the Multiple Listing Service, I can compare your home to other homes in your neighborhood that have sold recently. Factors such as size, number of bedrooms, condition of the house, and any improvements made or remodeling are the obvious comparables. Also considered are whether the homes have central air conditioning, type of heating used, garage and lot size, to name a few. Together, the compiled information can be used to predict the market value of your home.
I provide a no obligation Comparative Market Analysis free of charge to interested homeowners who are considering selling their house. If you are wondering what your home may be worth in today’s market, give me a call, send me an email, or fill out this form with some basic information about your home. I would be happy to assist you!
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Mary Mastroeni
I have worked in the real estate industry since 1984. As an Associate Broker and REALTOR with almost 40 years of experience in the business, I have had the honor of receiving multiple awards, includin....
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The data relating to real estate for sale on this web page appears in part through the
Cape May County MLS program, a voluntary cooperative exchange of property
listing data between licensed real estate brokerage firms in which we participate,
and is provided by Cape May County MLS through a licensing agreement.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified.
All properties are subject to change, withdrawal, or prior sale.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS®. Real Estate listings held by brokerage firms (licensees) other than #firm are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS-IDX Participants with all rights reserved. The information contained
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