Real Estate

Determining a list price

GRAND RAPIDS, Mich. (WOOD) - Let me begin with this statement. I am not the one who decided how much your home is worth, the market does. So, I take the address of your home and go out either a ¼, ½, or mile plus radius around your home and search for similar homes that are active on the market, pending, or sold in the last 180 days to a year. The sold homes tell me what the market is truly willing to pay, the pending show activity in your neighborhood, and the active homes are your competition. I look at the active homes and ask myself, 'Why would someone buy your home vs. this one for the price offered.' Going through these comps together tells us exactly where to price your property to sell it and how Major Homes will approach marketing your home.

The factors that affect the value are Price, Location, Condition, Competition, and Timing. We can control the price, condition, and timing. We can not control the location (since you can’t move the home) or the competition (since competing homes are already listed).

The condition of the property affects the price and speed of the sale. Most prospective buyers make purchases based on emotion, so first impressions are important! This is where I come in and help you determine what is important to do before listing.

I hope this has answered some questions that you have about how Major Homes determines a listing price. If you have any questions about the selling process, email, text, or call (616-430-0807) and Major Homes will get an answer for you.

These are just a few of many tips Major Homes has for you about selling. Stay tuned for more!

Call (616-430-0807) or Email Major Homes with any questions.

*To find out more about selling a home, click here

About Rachel Major

Rachel is the WOTV expert focusing on Real Estate. She's the CEO and associate broker of Major Homes, based in Grandville.

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