Rules to Follow When Pricing Your Lake Martin Home

A white calculator with a digital screen displaying the number 0, set against a plain light grey background, evokes the calm clarity of Lake Martin on a misty morning.

It is a big step to sell your home on Lake Martin and one that brings many important decisions along with it. Homeowners will need to tackle choosing when to list, staging, and of course, pricing.

Pricing your home is a delicate process and it should be done right from the beginning. With The Haynie Team’s years of real estate experience, you can be assured we will arrive at the best price for your property and the area, but as a home seller, it is always wise to do the extra homework.

As you think over the pricing aspect of selling your Lake Martin Alabama home, here are a few things to keep in mind:

The listing price is key

When you list your home on Lake Martin, remember that price is crucial. The listing price will determine how long the property sits on the market and how many buyers will take notice.

Pricing too high will reduce the number of interested homebuyers, especially those who have set price parameters in online home searches. As a result, the home can sit and after several months, others may start to wonder what is wrong with the property.

Look into similar homes

As your local real estate experts, we will find a listing price that takes into account comparable homes that have sold in the area. You can also look into homes that have the same number of bedrooms, bathrooms and square footage for a better idea of what your home might be worth in today’s real estate market.

What buyers want

Consider your neighborhood as well as what homebuyers want when pondering how much your home may sell for in the Alabama real estate market. If there is a new construction property around the same size down the street that just sold at a high price point, that is something to take into account as you compare your older home.

Your renovations

A real estate agent will be able to give you an idea of how much value those new appliances will bring you when you list your home. There are certain updates that can boost your home’s value and thus, listing price, but it’s important that you remain reasonable. Improvements do not always recoup all of their cost at resale.

Pricing is just one of the keys to selling your home successfully this year. Contact The Haynie Team today to discuss what your home might be worth in the current real estate market!

Becky Haynie, Associate Broker / Realtor
Lake Martin Realty

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