How to arrive at the best listing price for your property

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A toy house and $1 bills on top of a blank contract

02/27/2015 | Author: Editorial Staff

Before you list your home for sale, you have to decide on an asking price. Many consumers consult real estate websites, but be aware that not all such websites have reliable information.

The best source for reliable info
A Texas REALTOR® has the accurate information you need to arrive at a competitive price to attract buyers. What makes a Texas REALTOR® a trusted source?

One reason is that a Texas REALTOR® has access to actual sold data that he or she can use to determine the sales price of properties similar to yours. Some of the criteria used are:

  • Location. Properties in the same neighborhood or located as close as possible to yours.
  • Timing. Properties that were sold recently, preferably within the past few months.  
  • Size. Properties that are relatively the same size based on square footage, number of floors, or the size of the lot.
  • Features. Properties with the same number of rooms, comparable amenities, or similar upgrades.

How’s the market?
Another important factor in determining a listing price is how your local real estate market is performing when you decide to sell. Is it a buyer’s market where inventory is high, or is it a seller’s market because there aren't many homes listed?

A Texas REALTOR® has the resources, experience, and knowledge to help you reach your real estate goals. So, if you must go online for help, make sure you’re going to the Find a Texas REALTOR® search at texasrealestate.com.

Categories: Sellers
Tags: buyers, listing price, consumers


Comments

Tami Price on 02/27/2015

“Is it a buyer’s market where inventory is high, or is it a seller’s market because there many homes listed?”  I beleive you mean to say “or is it a seller’s market because there aren’t many homes listed.”


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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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