By Marcie Geffner - HSH.com
Home sellers naturally want to sell their home quickly and for the highest possible amount. The key is the asking price. Here are 10 tips to help you price it right.
No. 1: Consider the comps. "Comps" are comparable homes in your neighborhood that were for sale, recently were sold or are currently for sale. Comps are the most important factor in pricing your home.
Consider comps in conjunction with local market conditions, including the supply of for-sale homes relative to buyer demand, says Allyson Bernard, owner of Real Estate Professionals of Connecticut in Danbury.
"Less inventory means you can probably push the envelope a little bit on (pricing) your home, but we're not in a market where you can double your price or increase it 30 or 40 percent above what the comps are showing," Bernard says.