Home Pricing in 8 Steps
Make Sure the Price is Right!
1. Comparative research is essential.
2. Evaluate your competition by attending neighborhood open houses.
3. The Federal Housing Finance Authority offers tools to help you conduct your own Comparative Market Analysis (CMA).
4. If you want a professional estimate of the value of your home, consider hiring a local appraiser.
5. Research current prices and recently sold prices in your local newspaper (on paper or online).
6. The county courthouse must be visited in person or virtually. Your neighborhood’s improvement records can be found there, as well as the prices of recently sold homes.
7. Run your price by a few trusted coworkers, friends, neighbors, or colleagues to determine whether it’s fair.
8. Set your price based on your research and feedback.