As you get ready to add your house to the real estate market, you likely will consider high and low initial asking prices. However, it is important to remember that no two residences are exactly alike. And much in the same vein, the initial asking price for your home may vary from that of a similar residence based on your house’s condition, age and other factors.

Ultimately, a diligent home seller will allocate the necessary time and resources to determine a competitive initial asking price for his or her residence. This seller will be able to establish an initial home asking price that hits the mark with buyers, and as a result, stir up plenty of interest in his or her house.

Determining the ideal initial home asking price may seem tough at first. Fortunately, we’re here to help you set a competitive price for your residence, regardless of the current housing market’s conditions.

Now, let’s take a look at three tips to help you establish the ideal initial asking price for your residence.

1. Assess Your Home

The present condition of your house may have a major impact on its value. Thus, you should perform a home inspection before you list your house to identify any underlying problems and address such issues.

A home inspection is generally requested by a buyer after a seller accepts an offer on a residence. Conversely, a seller who wants to go above and beyond the call of duty may perform an inspection to take a proactive approach to home improvement projects. This approach may help a seller mitigate potential home problems before they are discovered later in the home selling process.

Thanks to a home inspection, a seller can establish home improvement priorities. Then, this seller can perform myriad home improvements and move closer to maximizing the value of his or her residence.

2. Evaluate the Housing Market

Operating in a seller’s market is far different from selling a house in a buyer’s market. If you review the real estate market, you can gain the insights you need to establish a competitive price for your home.

Take a look at the prices of houses in your area that are similar to your own residence. This information will enable you to understand the price range for comparable houses in your city or town.

Also, evaluate the prices of recently sold residences in your area. This housing sector data will allow you to determine whether you are operating in a buyer’s or seller’s market.

3. Collaborate with a Real Estate Agent

A real estate agent knows the ins and outs of selling a home in any housing market. He or she can offer a wide assortment of housing market data. Perhaps most important, a real estate agent will make it simple for you to establish a competitive price for your residence and reap the benefits of a fast, profitable home selling experience.

Want to add your house to the real estate market? Use the aforementioned tips, and you should have no trouble setting a competitive initial asking price for your house.

One-of-a-kind magnificent shingle style 8,878 sq ft home set on private 1.55 acre beautifully landscaped lot. Exquisite craftsmanship, stunning architectural details and light filled rooms are the result of careful design. Formal spaces include an elegant dining room with furniture style cabinetry & adjacent butler’s pantry, gorgeous library with cathedral beamed ceiling, spacious living room with marble floor and limestone fireplace. Outstanding profession kitchen offers top-of-the line appliances and walk-in pantry. Inviting family room with fireplace, cabinet packed arts and crafts room, and spacious home gym. Exceptional master suite–two master baths, dressing room with built-ins, new hardwood floor, and private balcony. Three additional spacious bedrooms, each with their own full bath, and bonus sitting room complete second floor. Elegant grounds and beautiful stonework create unique personal spaces. Three-car attached garage. Quiet, private setting, yet minutes to major routes.

This property features 12 total rooms, 5 full baths, 3 half baths, 4 bedrooms, 1.38 Acres, and is currently available for $2,100,000.

For complete details click here.

Amazing exposed Post-and-Beam construction colonial home with inviting Farmers Porch and open design is situated on private 1.1 acre lot in quiet neighborhood. Exceptional wide pine floors throughout home. Dramatic open cathedral kitchen features gorgeous exposed beams, custom windows, built-ins, kitchen island & breakfast bar. This open floor plan is perfect for entertaining and everyday life–kitchen is open to dining room which leads directly to family room. Welcoming family room with fireplace with step up to living room. Convenient first floor private office with built-ins is located off mudroom from farmer’s porch entry. Stunning wood staircase brings you to second & third floors. Second floor features master/master bath, two additional bedrooms, and main full bath. Third floor (unheated) offers fourth bedroom and game room.Spacious screened porch-relax and enjoy the sights and sounds of nature. Great commute location–minutes to MBTA train, yet adjacent to conservation land.

This is a Colonial style home and features 7 total rooms, 2 full baths, 1 half bath, 3 bedrooms, 1.10 Acres, and is currently available for $739,900.

For complete details click here.

So much living space in this delightful expanded Cape home on 0.54 acre level lot in quiet residential neighborhood near town center! Many updates throughout the home including hardwood throughout first floor and beautiful (and environmentally friendly) bamboo flooring on second floor. Sunny kitchen with center island features natural light wood cabinets and is open to charming dining room with marble fireplace and wainscoting. Huge newer cathedral family room is filled with natural light and features a wall of built-ins, adjacent window seats, ceiling fan and custom windows. First floor master bedroom. Updated first floor full bath with newer floor tile, granite counters, and vessel sink. Convenient spacious mudroom with built-ins connects kitchen to garage, back yard, and driveway. Second floor features four bedrooms (one without closet) and full bath. Large back yard has terrific screened gazebo for warm weather enjoyment. Walking distance to shopping, restaurants, and town common.

This is a Cape style home and features 9 total rooms, 2 full baths, 5 bedrooms, 0.54 Acres, and is currently available for $415,000.

For complete details click here.

Set your Twitter account name in your settings to use the TwitterBar Section.