Pricing a Knoxville home for sale is a bit of an art. The price can’t be too high, or it won’t likely attract buyers; but, it can’t be too low, or the the seller could undersell the property. Determining the right price for your West Knoxville home is one the most important decisions you will make in the selling process.
So, how determine what the right price is for your Knoxville home?
In some ways, it can be helpful note what things do not determine your home’s value. For many sellers, they can be blinded their memories in the home or what they think it should be worth. Here are a few things that do not influence a home’s value:
-What you originally paid for your Knoxville home
-What you would like to sell your home for
-How much is owed on a Knoxville home
-The exact amount of improvements you put into a home
In the end, none of these factors determine the price for your Knoxville home for sale. As frustrating as it can be, it is always a buyer that determines what a Knoxville home will sell for. After all, a home only sells when a buyer finds the price reasonable enough to buy the home.
As far as setting the initial price for your home, a Realtor can help provide you with the information to accurately price your home. They will do what is called a “Comparative Market Analysis” to compare you home to other that have sold on your area. A CMA takes into account location, upgrades, square footage, number of bathrooms and bedrooms, among other things.
Setting the right price for your Knoxville home is an essential part of selling your home. It will result in finding a buyer much quicker and getting the most money possible for your home.
Are you thinking about selling your West Knoxville this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected]. Contact us today for a free home valuation on your Knoxville home.