Agency Vocabulary


How Do I Know What My House Is Worth? Should I List With The Highest Bidder?

Before I meet with you, I will do a thorough market analysis of your property, checking recent sales of similar properties and the current competition in the area. I will also pull up recent expired listings in the area, so you know the price range at which houses are not selling. When we meet, I will look through your home carefully to determine what adds and subtracts value.

After looking over your property and discussing with you your opinion of the property and your goals for selling your property and purchasing a new home, I will give you an honest assessment of the price range your home should be listed in. This does not necessarily mean I will tell you exactly what you want to hear. I won't just quote a high number to get the listing, if I know the house won't sell at that price. I would be doing you a major disservice that could ultimately cost you a lot of money. Houses that are overpriced when they first go on the market, frequently sell for less than the neighborhood average. The opportunity to sell during the initial period of excitement has been lost, and buyers will think there's something wrong with a property if it's been on the market for a while.