When the time comes to sell, the first question that comes to mind is, “How much is my Stephenville home worth?” To you, your home is invaluable, and it’s difficult to put a price tag on the countless memories and experiences you had in your home. Unfortunately, though, memories don’t do much for market value.
One of the first things you should think about when determining a baseline price for your home is your objective home value. Go back through the records and find out how much you’ve spent on the house since buying it. Have you spent a considerable amount of money on improvements? Anything from remodeling to the addition of a new shed or garage should be added to the initial price you paid for your home to determine the current value.
The next step to finding an appropriate price for you home is going online and looking at other Erath County homes for sale or those that have been recently sold. Consider visiting a few open houses while you’re at it and ask about your neighbors’ homes. Look closely at pictures and do some honest comparisons between your home and the others for sale near you. If the home value you calculated earlier is close to, or a little lower than most of the homes you’ve looked at in your area, then you’re on the right track.
Finally, you’re going to want some bargaining room. Take your home value and think of a price near close to it that you’d be comfortable with getting at the end of the deal, then add a little more on to that so you have a little wiggle room for when the buyers start to haggle.
If you need assistance pricing your Stephenville home, working with a local real estate agent is the best way to get a leg-up in the process. Give us a call and we’ll help get your home listed alongside other Stephenville real estate!