How to put the right price to your properties before selling

If you are a real estate wholesaler, an investor, or just selling a property and do not know how to start pricing a property, you are in the right place. We are going to show you what you need to get the actual value.

Selling and pricing a property can sound as simple as taking pictures, listing, and waiting for interested buyers to appear at your door. But it is more than that. You need to evaluate the current market as deeply as you can. When you are done reading this article, you will be able to determine by yourself the value and apply some techniques to study the market. 

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Getting back to the point, these are considered the most important things when pricing a property:

1. Is your Home in a Good location?
2. Prices of last sold homes
3. Check your house condition
4. Know the property market and do some analysis 
5. Find an Appraiser 

1. IS YOUR HOME IN A GOOD LOCATION?

This could be #1 when discussing pricing a property and its value. Either if the property is residential or Business, it is always what buyers usually look at first. 

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Buyers are always searching about how is the crime in the neighborhood and what schools are in the area. Also, If the location has nearby supermarkets, stores, etc., make sure you disclose this information when listing your property; this could be very helpful to buyers. 

2. PRICES OF LAST SOLD HOMES

You must research the last properties sold recently in the area, so you have a margin of current prices and what people are paying for in your neighborhood. 

It is recommendable to compare at least 6 or more properties with similar or with the closest characteristics, like square feet, the number of bedrooms, and stories, with this information you do not overprice your property. 

You can search for this information online on websites like Zillow or the county website. This is public information that you can easily find on the internet.

3. CHECK YOUR HOUSE CONDITION

Some properties are listed “as is”, which means the seller is not willing to fix any damages or details on the property. Still, it can be tricky because you can invest a little bit in fixing minor problems and getting a better price making those improvements to your property.

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No home is perfect, and do not try to make it seems like it. If you are doing remodeling or some home improvements on your property, make sure you have it ready before listing. This is a big mistake that is usually done and interferes with the listing. 

4. KNOW THE PROPERTY MARKET AND DO SOME ANALYSIS

Make sure to find the right tools to analyze the current market. You can use free tools online like a free home calculator, but do not use real estate websites because they do not show the real value of a property. 

The offer and the demand are also important factors to study because you can determine the maximum amount you can set on the property you are selling. Read this article to find out more about pricing a property

5. FIND AN APPRAISER

It pays off looking for somebody to make the appraisal to your home; appraisers make inspections on the property and check the condition of the house, so be ready to fix all plumbing, fixtures, and lighting. 

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They will give you the closest value of a property, also appraisers make research on comparable houses in the neighborhood to give you more approach when pricing a property. 

6. WRAPPING UP 

So, what do you think? are you ready to sell? Applying these steps will guide you and will help you to be more confident when setting the right price for your property. 

You can also get help from professionals and experts in the real estate area if you want to be more accurate. In addition to this, consider adding value to your house to increase your profit