Why an Agent Is Essential When Pricing Your House
When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional.
Over-Pricing and Under-Pricing Your Home
Yes, there is such a thing as pricing your home too high AND too low. Both have consequences that you should consider prior to listing your home. Some sellers are pricing their homes higher than ever just because they can, but this may drive away serious buyers and result in unapproved appraisals.
Below we list some of the risks involved with under-pricing and over-pricing your property.
Three Types of Home Values
While we're on the topic of pricing, now is a good time to bring up the three different types of home values commonly referred to in the real estate industry.
- Market Value
- Appraised Value
- Assessed Value
In the video below, Susan and her mom explain the differences.