How to Come Up With a Real Estate Asking Price

By Business & Finance Last updated Sunday, January/12/2025

1). Get a comparative market analysis (CMA) by asking at least three real estate agents to give you their opinion of what your asking price should be.
2). Ask the real estate agents to show you a list of recently sold homes in the area. You should also see which homes were on the market and did not sell.
3). View the homes for sale in your area as your competition. You may want to set the price of your house lower if you want a quick sale.
4). Go to open houses in your area. While you are there, compare what these homes have to offer compared to yours. Pretend you are the buyer and decide which home you would choose for the price.
5). Keep in mind the current market conditions when you price your home, such as if this is a buyer's or seller's market and the time of year. (Traditionally, in colder climates, spring is a home buying season and winter is not.)

VeryPages News News - Breaking News & Top Stories - Latest World, US & Local News,Get the latest news, exclusives, sport, celebrities, showbiz, politics, business and lifestyle from The VeryPages,Stay