How do you price your home for sale right?

Home prices post strongest annual gain in nearly 8 years

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR's latest quarterly report on metro area median prices and affordability. [Full Article]

How do you price your home for sale right?
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November 09 2013 - Miami Beach
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Answers (6)

Normally, and how other quality forums work is, when a topic is being presented, it gives the various real estate professionals a chance to respond and share their expertise, ideas and or experiences on the topic. 

In this instance, a current report from the NAR states that home prices posted strong annual gains in most areas.

What does the NAR report mean for sellers? How do you price your house right?

The answers provided here will give browsing, potential sellers an insight on how a real estate professional in their marketplace would go about pricing their asset and then sell it. 

Lynette posted a very professional response that a potential seller in her marketplace should evaluate.

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November 12 2013
This would be a great blog post.
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November 11 2013
James apparently you didn't notice it, but Katerina IS an agent! She doesn't need to "trust anyone".

Doesn't anyone pay attention to who is asking the question?

This was more of a blog  than a genuine question.........since the poster is an agent, I'd hope she already knew the answer

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November 10 2013
Katerina, Trust the Realtor you chose to help guide you in this. As Lynette pointed out, we look at the market which means the pendings and recent solds that closely match your home and area. Extras won't add to the price, only the salability of your home. You should be given a price range of about 10% fluctuation or so. If you keep your home nice and have some nice features, price it near the top of the range. If it looks used and maybe a bit messy or is plain, price it near the bottom of the range. A well priced, well maintained property should have an offer within about 30-60 days. Good luck.
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November 10 2013
Anything will sell if priced right and followed up with aggressive marketing of the product. You should have a Realtor do a Market Analysis. I can assist you in this for free. Contact me and see how easy it is.
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November 10 2013
The best way to price your home right is to use comparable pending and sold properties in your neighborhood then look at the active to see what your competition will be. Don't get emotional about the price. Only use solds within the last few months since the market is changing very fast~
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November 09 2013
 
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