Richmond TX Real Estate - Is the Market Value of My Home Important?
The Goldilocks Effect
Knowing the market value of your home is the first step to a successful home sale! Pricing your home at a perfect market value will help you sell quickly and at the highest price possible. It is similar to the Goldilocks Effect!
If your listing price is too low, you will lose money on the sale of your home. If it is too high, the open market will not take to your home and it will not sell. That is why the listing price must be JUST RIGHT!
Factors That Can Increase Market Value
- Good schools
- A functional and desirable floor plan
- A large and private backyard
- A well-maintained and neat appearance
Amenities such as updated bathrooms, upgraded lighting, hardwood floors, stainless steel appliances, and tile also raise the market value. Since the market value is what a person is willing to pay for your home, it is subjective and can increase or decrease according to different factors.
Comparable Homes Matter
“Comps” or homes that are comparable to yours is the most reliable way to determine the market value of your home. These “comps” are derived from homes within your neighborhood and also from surrounding neighborhoods. It is helpful to have MLS access to acquire these numbers.
It's All About the Agent
After careful consideration, your agent will present you with a suggested listing price. Your agent is an expert in this field and will be able to determine the best price for your home. But ultimately, you are the person who will determine your home’s listing price.
A great agent will keep you informed and make you feel a part of the process. As a seller, you should feel confident about the listing price of your home. And hopefully, you can also learn something along the way! If you are interested in Comparative Market Analys, call Julie for a COMPLIMENTARY estimate!
Great Resources for Home Buyers Interested in Richmond TX:
- Homes for Sale in Richmond TX
- Homes For Sale in Pecan Grove
- Homes For Sale in Harvest Green
- Homes For Sale in Long Meadow Farms
- Neighborhood Statistics for Pecan Grove
- Neighborhood Statistics for Long Meadow Farms
- Visit Julie's Website
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