Home Selling Resources

Guidelines for Pricing Your Charlottesville, VA Property

When it comes to selling your home, you want to find the right price like Goldilocks — not too high, not too low, but just right. Here are a few tips that can guide you to find your home's value.

Research the Charlottesville Real Estate Market

How is the housing market? Is it favoring home buyers or sellers? 

Knowing the real estate market conditions is essential in the home selling process. As the real estate markets shifts its favor from buyers to sellers and back again, you may need to price your home higher or lower to attract Charlottesville home buyers. And if homes are staying on the market for months, you may need to adjust your price so that your home sells in a reasonable time. 

Your home's price will ultimately be determined by what potential home buyers are willing to pay.   

Consult Prices of Neighboring Homes

How much are similar homes nearby selling for? To attract a home buyer, your home price should follow the lead of properties in the Charlottesville area that are similar in square footage, number of bedrooms, number of bathrooms, and other home features. 

Charlottesville real estate agents can provide you with a Comparative Market Analysis that includes information about the prices of homes that have sold within the last 10 months, are currently on the market, and are under contract.   

And if your neighborhood has become a hot location, you will need to price your property accordingly. 

List Your Home's Improvements

If you've upgraded your roof, installed new appliances, painted your home, replaced the plumbing, or did any other remodeling or home improvements, your home will have added value. Gather the records of these upgrades and let your Charlottesville real estate agent review them to determine the extra home value. 

Price Your Home Right from the Start

The first price for your newly listed home is often the best price. Homes begin to lose their initial appeal after a few weeks on the market, which may lead you to lower your asking price if potential Charlottesville home buyers have shown little interest. 

Find Your Home's Value with The Chase Team

As you're determining the right price for your Charlottesville home, explore the marketing options that The Chase Team provides to make sure your home reaches as large of an audience as possible. Start a conversation with us, and we can work together to sell your home for more money in less time. 

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