In today’s market, why is it so hard to know what your home is worth?
In economic markets, the pendulum swings from the edges through the middle. Right now, we’re on one of the edges. When you’re in a market that is dramatically increasing or decreasing, it’s hard to tell what your house will sell for. In the middle, it’s much easier to make that assessment, and we can usually get you within a few thousand dollars of what your home will sell for.
When it comes to evaluating homes, we tend to look at comparable sales. What did someone else recently pay for a home like yours? That figure will give us a general idea. However, it’s not uncommon right now for someone to fall in love with some part of your house that wasn’t in that comparable sale and increase their offer price.
We’ll market your home to make sure that you maximize the dollar amount you receive.
In the end, we don’t have a crystal ball to see what your home will sell for absolutely. We can, however, provide a floor price—a figure that your home definitely won’t sell under. We simply don’t know where the ceiling is. Regardless, we’ll market your home to make sure that you maximize the dollar amount you receive.
If you’d like to get an idea of what your home could be worth in today’s market, or if you have any questions, don’t hesitate to give us a call or send an email. We’d love to help you.