Holden Area Homes
Janice Mitchell, Holden Area HomesPhone: (508) 769-0344
Email: [email protected]

Have You Set a Competitive Price for Your House?

by Janice Mitchell 10/28/2020

If you want to enjoy a successful home selling experience, it generally is helpful to establish a competitive initial asking price for your residence. With an aggressive price, you can stir up lots of interest in your home. As a result, you can increase the likelihood of a fast home sale.

Now, let's take a look at three tips to help you set a competitive initial asking price for your house.

1. Conduct a Home Appraisal

A home appraisal enables you to receive a property valuation. Then, you can use this valuation to determine how to price your house.

In addition, it often is beneficial to conduct a home inspection prior to listing a residence. An inspection allows you to receive insights into any home problems. Once you have a home inspection report in hand, you can prioritize house repairs and upgrades, improve your home and get the best price for your residence.

2. Evaluate the Local Housing Market

Take a look at the prices of available houses in your city or town that are similar to your residence. By doing so, you can establish a price range for comparable homes and use this information to decide how much to ask for your house.

Also, you may want to take a look at the prices of recently sold houses in your area and find out how long these residences were available before they sold. This housing market data can help you differentiate between a buyer's and seller's market.

3. Consult with a Real Estate Agent

Pricing a home can be difficult, particularly for those who are listing a residence for the first time. If you work with a real estate agent, however, you can receive in-depth house selling insights and ensure you are better equipped than other sellers to optimize your home sale profits.

A real estate agent is happy to help you set an initial asking price for your home that hits the mark with buyers. He or she first will learn about you and your home and create a custom property selling strategy. Next, a real estate agent will help you prepare your residence for the real estate market. And when you're ready to sell your house, a real estate agent will add your residence to the local housing market and promote your home to buyers.

Of course, a real estate agent provides lots of assistance throughout the home selling journey too. A real estate agent will offer honest, unbiased recommendations at each stage of the home selling journey. Best of all, he or she will respond to any of your home selling concerns and queries.

As you get set to enter the real estate market, you should consider how to price your residence. Thanks to the aforementioned tips, you can set a competitive initial asking price for your home. That way, you can generate significant interest in your house as soon as it becomes available.

About the Author
Author

Janice Mitchell

After 17 years as a record producing Realtor in the Wachusett area, Janice formed Janice Mitchell Real Estate, Inc. in 1989. The company is now in its 33rd successful year. Janice, a Realtor Emeritus, is a member of the Realtor Association of Central Mass  as well as the Mass and National Association of Realtors. She earned the Graduate Realtors Institute Designation, the Certified Residential Specialist Designation, and has the Loss Mitigation Certification. She is a Seniors Real Estate Specialist, a Certified Buyer Representative, an Accredited Home Staging Professional, and is C2EX Certified.

Janice is the recipient of the 2019 Wachusett Area Chamber of Commerce's Community Leadership Award. She served on the Ethics Committee for the Worcester Regional Association of Realtors, and is currently a Board mediator. She also serves on the Professional Standards Committee. She was Co-Chair of the Holden Senior Center Fund Raising Committee and is a Corporator of Southbridge Savings Bank. She was a corporator of Cornerstone Bank and was a Board Mediator for the  Realtor Association of Central Mass. In 2006 Janice was honored  by the Girl Scouts as one of their Women of Distinction. In 2014 Janice was chosen by the Holden Women's Club as Person of the Year.

Janice has more than 47 years experience in all aspects of Real Estate.

Janice lives in Holden with her husband. She enjoys painting, photography, playing the guitar and gardening. She has two adult sons, and two Grandchildren.