Ask a REALTOR®: 30 Common Real Estate Questions Answered in 30 Days: Question 3: What should the list price of my home be?

Determining Your Home’s List Price: Expert Advice—Real Estate Q&A

Meta Description: Discover how to determine the ideal list price for your home with insights from a real estate expert. Learn about Comparative Market Analysis (CMA) and online home value estimators to optimize your home selling strategy. Contact Dave Parker, REALTOR®, for personalized guidance and assistance.

Welcome back to Day 3 of our real estate question series! Today’s topic revolves around a crucial aspect of selling your home:

Question 3: What should the list price of my home be?

The first step in determining your home’s list price is to obtain a Comparative Market Analysis (CMA) from a knowledgeable real estate consultant like myself.

A CMA involves analyzing similar properties in your neighborhood with comparable square footage, number of bedrooms, and bathrooms. While these

properties may not be identical, they provide a benchmark for pricing.

The analysis includes:

1. Recently Sold Homes: Understanding what similar homes have sold for in your area.
2. Current Listing Prices: Examining asking prices of homes currently on the market.
3. Unsold Listings: Reviewing prices of homes that did not sell to gauge market trends and buyer preferences.

By comparing these categories, we can establish a competitive list price that aligns with market dynamics and maximizes your home’s potential for sale.

If you prefer a quick estimate without engaging directly with an agent, you can use online home value estimators like the one provided on my page:

Tomorrow, we’ll explore the difference between your home’s assessed value and its market value. For any future questions or assistance with buying or selling your home, feel free to contact me at 405.401.0099 or visit https://daveparker.sites.c21.homes.

Have a great day until tomorrow’s discussion!

For full text, visit video on our YouTube Playlist: https://www.youtube.com/playlist?list=PLOrIAsa07BvxMX7230jW_xOrrLzrBxPt0

Dave Parker, REALTOR®, License #204189, Phone (405) 401-0099.

Century 21 Judge Fite, 1220 S. Santa Fe, Edmond, OK 73003, Broker #154475. Contact (405) 359-7400. Email: Dave@mrdaverealty.com.

Website: https://daveparker.sites.c21.homes

Questions courtesy of Clever.com

KEYWORDS:

• Home list price
• Comparative market analysis
• Real estate valuation
• Selling price determination
• Property pricing strategy
• Market trends analysis
• Online home value estimator
• Pricing your home to sell
• Expert real estate consultant
• Assessing home market value

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