Knowing how to price your home is essential when selling. In in-demand neighborhoods with upgrades, consider listing 1%-3% above appraisal. However, this pricing approach carries risks, especially if the buyer is financing their purchase. An appraisal helps determine fair market value, taking into account nearby comparable sales, market conditions, and your home's features. Sellers might benefit from pre-appraisal to inform their pricing strategy. This article emphasizes thoughtful pricing over mere assumptions to avoid complications in the sales process.
An appraisal is a determination of the fair market value of a home, influencing both seller and buyer decisions.
Listing your home 1%-3% above appraisal in a strong neighborhood can yield positive results, but must be approached with caution.
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