If you are thinking of selling your Tahoe Keys real estate this spring, you likely are trying to figure out how much your home is worth. Pricing your home for sale in Tahoe Keys correctly is the second most important step to a successful sale. The first, of course, is finding a qualified Tahoe Keys realtor. Which is actually the first step to finding out how much your home for sale in Tahoe Keys is actually worth. What else can you do to come up with this important number? Read on!

Step 1: Contact your local Tahoe Key realtor. Figuring out your homes dollar figure shouldn’t be pulled from Zillow, which uses automated valuation models to determine a “zestimate” as they call it. It is a great place to get a rough idea, but some people get attached to that number when it isn’t accurate. Your Tahoe Keys realtor will pull comparable properties that sold in the last 90 days. They will then pick the appropriate “comps” and average the purchase prices to come up with a baseline number to start with.

Step 2: Check out your competition. If your neighbor is selling their Tahoe Keys real estate for $600,000 and you want to list at $750,000, be prepared to tell people why your home is priced higher. Your neighbor’s home could need a complete overhaul while yours has gone through a total renovation. That would be a reasonable explanation for a higher price. OR! Your home could be in desperate need of a remodel but is larger, is on a bigger lot, has a bigger dock and better water views. Whatever the reasoning is, have it ready to go when people ask why your home for sale in Tahoe Keys is priced higher.

Step 3: Make sure your home is priced based on market value. Don’t play any tricks like pricing too high to test the market or pricing too low to try and get multiple offers. Both of those could back fire. The last thing you want is to sell for lower than it is worth OR have it sit on the market and become “stale” because it is overpriced.

For more information on pricing your real estate in Tahoe Keys correctly, call me at 530-308-4331.