Getting the right price for your home comes down to these three tips.

The real estate market is an ever-changing thing. One day, prices are up, and the very next day, everything has reversed on you. Over the last few years especially, with turbulent markets and economic confusion, the real estate market has become increasingly dynamic. In this era of constant fluctuation, how will you know how much your home is worth? There are three things that you need to know:


1. Use the right tools. Online estimators are a great way to get a very rough estimate of where your home’s value is likely to sit. However, remember that they are just that: estimates. As you know, homes on different streets in the same neighborhood can have vastly different values. These tools aren’t perfect, but they can give you a general idea of your home’s value.


2. Use more recent comps. In the past, it was common to use comparative home sales from the prior six months. Now, more than ever, it’s important to use comps that are as recent as possible. In 2022, we saw mortgage interest rates double in six months, and home sales prices responded accordingly, which means that six-month-old comps just didn’t cut it. A trained, experienced, and skilled real estate agent like me will know what comps to draw from when determining the right price for your home.

“The real estate market has become increasingly dynamic.”

3. Work with the right team. No matter how well you do your homework, nothing beats working with a professional. We have the experience and training to know how to price your home right the first time. We know what amenities and upgrades can net you the best dollar-for-dollar return and how to beat out the competition with the right marketing plan. Plus, we have access to data that algorithms can’t yet, so we can get you the most accurate price for your home in this market. 


If you have any questions about this topic or real estate in general, don’t hesitate to call or email me. I would be delighted to serve as your resource for all of your real estate needs.