What's My Home Worth?

What’s My Home Worth? Establishing the asking price for a home is one of the most challenging components of selling a home. And it’s the most important. Click here for a Free Comparative Market Analysis including recommended pricing.

A few tips to remember:

  • The seller sets the asking price and the buyer sets the selling price. In other words, your home is only worth what a buyer is willing to pay.
  • Realistic pricing will sell your home in a reasonable time.
  • A home that is priced right at the beginning sells for the highest price.
  • How much you have spent on remodeling or other improvements is irrelevant to setting the price – the market determines the price
  • How much profit you wish to make on your home is irrelevant – it’s the market that determines the price
  • Houses that remain on the market for a long time do not get shown as frequently as those new to the market that are priced right.

Generally your asking price should not exceed the value of your home by more than 5% or potential buyers may not even make offers.

How do Merrill Bartlett Group agents determine a recommended price for your home?

First we do our research and prepare a Comprehensive Market Analysis (CMA) for your home.

The market analysis studies recent sales and current listings similar homes in your area. The result is establishing a price that will attract a willing and able buyer in a reasonable time.

A home attracts the most attention and interest when it is first listed on the market. If your home is priced too high, it will miss out on this key introduction and may result in stagnating on the market