Price Your Home Correctly to Get Top Dollar

If you want top dollar for your home, pricing it correctly is crucial. I’ll go over why overpricing would be a huge mistake and explain how we can find the best price for your home today.

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Pricing your home correctly in this market is the key to getting top dollar. 

There’s a myth that the best strategy when selling is to price a home high and leave room for negotiation. Simply put, that’s the worst thing you can do. 

In order to price your home correctly and really take advantage of the market, we need to find your X-factor. Looking at what homes around your neighborhood sold for is a good starting point, but we need to dig a bit deeper.

The worst thing you can do is price your home too high.

For that, you’ll need an agent who is in the know to go over a market analysis with you. We’ll take a look at what improvements you’ve made or need to make in order to make your home more marketable and we’ll figure out the best list price for your home. 

If there are not many comparable homes in your area or if you have a unique home, it might be a good idea to get an appraisal done. 

Selling for top dollar and pricing correctly comes down to what we call the Three Cs: competition, consumption, and condition. Competition refers to how many sellers are active on the market, consumption refers to how quickly homes are selling, and condition refers to your home compared to others. 

If you’re thinking about selling your home, we’ll know how to price it. If you have any questions please don’t hesitate to give us a call or send us an email. We’re always happy to help!

Just How Accurate Are Zillow's Zestimates?

Why can't you trust Zillow's Zestimate to get the value of a home? The Zestimate's capabilities are much more limited than most people realize.

Selling in the Austin area? Get a free Home Value Report
Purchasing in the Austin area? Get full MLS access

If you're trying to determine the price of a home, Zillow's Zestimates aren't the most trustworthy source.

Zillow uses an algorithm to calculate a home's value, and this algorithm uses a very limited number of factors to determine a price. For example, Zillow can't account for a home's location. A 4-bedroom, 3-bathroom house that hasn't been updated in decades and is near the highway will be valued the same as a brand-new home in a quiet cul-de-sac with the same number of bedrooms and bathrooms.

Even Zillow admits that these Zestimates could be off by as much as 15%. That's potentially a $30,000 inaccuracy for a $200,000 home. In fact, Zillow's CEO himself sold his home in 2016 for a whopping 40% less than what the Zestimate said it was worth!

Zillow can't account for a home's location.

The only way to get a true, accurate value for your home is by hiring a professional real estate agent who knows your market inside and out. We've actually even added a home value calculator that you can use for free on our website—you can even email me pictures to get an even more accurate value. To take it a step further, we can actually come out to your home to discuss its value.

If you'd like to know what your home is worth in today's market or you're looking to buy a new one, give us a call or send us an email. We'd be glad to help!