{"id":9161,"date":"2022-03-25T11:32:08","date_gmt":"2022-03-25T18:32:08","guid":{"rendered":"https:\/\/www.flyhomes.com\/blog\/?p=9161"},"modified":"2022-05-26T09:35:01","modified_gmt":"2022-05-26T16:35:01","slug":"setting-a-list-price","status":"publish","type":"post","link":"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/","title":{"rendered":"How do I know how much to list my house for?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">12 tips to sell your home for top dollar<\/h2>\n\n\n\n<p>Ready to sell your home? You may have an ideal amount you\u2019re hoping to sell your home for, but it\u2019s important to consider several crucial factors before you set your home\u2019s list price.<\/p>\n\n\n\n<p>In this article, you\u2019ll learn what a list price is and how to set it to get the best, and highest offers for your home.<\/p>\n\n\n\n<p><strong>Key takeaways:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A home\u2019s list price is a marketing tool that a seller and their real estate agent use to position a home on the market<\/li><li>Before setting your list price, speak with your real estate agent and look at the competitive market analysis they give you<\/li><li>Sell your house at top dollar by using smart pricing strategies<\/li><\/ul>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">In this article<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e7c67bb462e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e7c67bb462e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#What_is_a_list_price\" >What is a list price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#How_do_I_set_my_homes_list_price\" >How do I set my home\u2019s list price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Consult_your_real_estate_agent\" >Consult your real estate agent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Use_a_home_pricing_calculator\" >Use a home pricing calculator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Assess_your_location\" >Assess your location<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Look_at_your_homes_square_footage\" >Look at your home\u2019s square footage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Consider_your_homes_condition\" >Consider your home\u2019s condition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Factor_in_home_upgrades_and_renovations\" >Factor in home upgrades and renovations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Analyze_the_current_market\" >Analyze the current market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Use_the_%E2%80%9899_rule\" >Use the \u201899 rule\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Price_slightly_lower_to_start_a_bidding_war\" >Price slightly lower (to start a bidding war)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Keep_the_list_price_simple\" >Keep the list price simple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Consider_buyers_price_ranges\" >Consider buyers\u2019 price ranges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Lower_the_price_if_you_need_to\" >Lower the price if you need to<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#Wrapping_up_your_homes_list_price\" >Wrapping up your home\u2019s list price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_list_price\"><\/span><strong>What is a list price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.flyhomes.com\/blog\/in-real-estate-what-is-list-price\/\" target=\"_blank\" rel=\"noreferrer noopener\">A list price<\/a> is the amount a seller asks for their home. It\u2019s also called an asking price.<\/p>\n\n\n\n<p>A list price positions a home on the market because the amount a seller asks determines what kinds of buyers the home will attract and what other homes it\u2019ll be compared to. A seller and their real estate agent choose the price based on the home\u2019s size, condition, and location, as well as an analysis of nearby comparable homes. This number also depends on the supply and demand for homes in their current market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_do_I_set_my_homes_list_price\"><\/span><strong>How do I set my home\u2019s list price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Choosing a list price for your home is a complex decision. You may know the amount you want to get for your home, but if buyers aren\u2019t willing to pay it, then your dream price doesn\u2019t mean much.<\/p>\n\n\n\n<p>That\u2019s why it\u2019s important to follow the advice of your real estate agent and understand how to price a property. Here are 12 effective pricing strategies you can use to sell your home for top dollar.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consult_your_real_estate_agent\"><\/span><strong>Consult your real estate agent<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Setting your home\u2019s list price isn\u2019t something you should do alone. First, find a <a href=\"https:\/\/www.flyhomes.com\/blog\/good-listing-agent\/\" target=\"_blank\" rel=\"noreferrer noopener\">good listing real estate agent<\/a> and ask for their professional opinion. They will have a much better idea of how much your home could sell for.<\/p>\n\n\n\n<p>They should also do a comparative market analysis (CMA), comparing your property to other similar recently-sold homes nearby to help you arrive at a more precise price.&nbsp;<\/p>\n\n\n<figure class=\"wp-block-unsplash-image wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"9162\" data-permalink=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/2bwv9my8xao\/\" data-orig-file=\"https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=2560&amp;h=1576\" data-orig-size=\"2560,1576\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;13&quot;,&quot;credit&quot;:&quot;Sigmund&quot;,&quot;camera&quot;:&quot;Canon EOS REBEL SL1&quot;,&quot;caption&quot;:&quot;black car parked beside brown and white house&quot;,&quot;created_timestamp&quot;:&quot;2021-06-14T19:58:02-04:00&quot;,&quot;copyright&quot;:&quot;Sigmund&quot;,&quot;focal_length&quot;:&quot;18.0&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;black car parked beside brown and white house&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"\" data-image-description=\"&lt;p&gt;black car parked beside brown and white house&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Photo by &lt;a href=&quot;https:\/\/unsplash.com\/@sigmund&quot; rel=&quot;nofollow&quot;&gt;Sigmund&lt;\/a&gt; on &lt;a href=&quot;https:\/\/unsplash.com\/?utm_source=the-living-room&#038;utm_medium=referral&quot; rel=&quot;nofollow&quot;&gt;Unsplash&lt;\/a&gt; &lt;\/p&gt;\n\" data-medium-file=\"https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=300&amp;h=185\" data-large-file=\"https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1024&amp;h=630\" src=\"https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&#038;ixlib=rb-1.2.1&#038;fm=jpg&#038;q=85&#038;fit=crop&#038;w=1024&#038;h=630\" alt=\"black car parked beside brown and white house\" class=\"wp-image-9162\" width=\"1024\" height=\"630\" title=\"\" srcset=\"https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=300&amp;h=184 300w, https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1024&amp;h=630 1024w, https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=150&amp;h=92 150w, https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=768&amp;h=472 768w, https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1536&amp;h=945 1536w, https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=2048&amp;h=1260 2048w, https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=610&amp;h=375 610w, https:\/\/images.unsplash.com\/photo-1623715056534-f8052f1dfd86?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI3ODg&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=370&amp;h=227 370w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>A home&#8217;s list price is the result of many different strategic decisions a seller makes with their listing agent<\/figcaption><\/figure>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_a_home_pricing_calculator\"><\/span><strong>Use a home pricing calculator<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Home pricing calculators are a good place to start when considering how to price your home, because they can give you a rough estimate of its current market value.<\/p>\n\n\n\n<p>For example, the Federal Housing Finance Agency (FHFA) has a <a href=\"https:\/\/www.fhfa.gov\/DataTools\/Tools\/Pages\/HPI-Calculator.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">house price calculator<\/a> that estimates how much your home is currently worth, based on how much you paid for it and recent appreciation in your area.<\/p>\n\n\n\n<p>To use it, simply select your state, your city or region, when you purchased your house, when you\u2019re selling it, and how much you originally paid for your home. The calculator will then give you an estimated value within your state as well as within your specific region.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Assess_your_location\"><\/span><strong>Assess your location<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now that you have a general idea of what your house is worth, it\u2019s time to get more specific. Analyze your city and, more specifically, your neighborhood. Ask yourself:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>What are comparable homes in my area selling for?<\/li><li>How good are the schools nearby?<\/li><li>What\u2019s the crime rate in my area?<\/li><li>Is my neighborhood clean and quiet? Or cluttered and noisy?<\/li><li>Do my neighbors participate in activities that might not be legal?<\/li><\/ul>\n\n\n\n<p>Typically, the higher the quality of your area is, the higher you can price your home.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Look_at_your_homes_square_footage\"><\/span><strong>Look at your home\u2019s square footage<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Your home\u2019s size has a big impact on the price. Your 2,000-square-foot house will be worth more than a similar home that\u2019s only 1,500 square feet.<\/p>\n\n\n\n<p>Calculate the square footage of your lot as well. A home on an acre of land will typically sell for much more than one sitting on a 10,000-square-foot lot.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consider_your_homes_condition\"><\/span><strong>Consider your home\u2019s condition<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Have you meticulously maintained your home over the years? Or does it need significant repairs? Your home\u2019s overall condition will greatly determine how high your list price should be. Homes with higher <a href=\"https:\/\/www.flyhomes.com\/blog\/how-to-increase-a-homes-curb-appeal-before-selling\/\" target=\"_blank\" rel=\"noreferrer noopener\">curb appeal<\/a> typically sell for <a href=\"https:\/\/magazine.realtor\/daily-news\/2020\/01\/27\/how-much-does-curb-appeal-affect-home-value\" target=\"_blank\" rel=\"noreferrer noopener\">7% more<\/a> than unattractive homes.<\/p>\n\n\n\n<p>The following issues can negatively affect your home\u2019s value:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Foundational or structural problems<\/li><li>Roof damage<\/li><li>Mold or bug infestations<\/li><li>A lawn overgrown with bushes and weeds<\/li><li>Evidence of water damage on walls, ceilings, or floors<\/li><li>Holes in the walls, broken doors, or chipped cabinets<\/li><li>Dirty, chipped paint<\/li><li>Signs of rot on the external siding<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Factor_in_home_upgrades_and_renovations\"><\/span><strong>Factor in home upgrades and renovations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Are any of your home\u2019s features outdated? Or have you recently renovated or upgraded certain areas?<\/p>\n\n\n\n<p>Buyers are willing to pay more for certain upgrades. According to the <a href=\"https:\/\/www.remodeling.hw.net\/cost-vs-value\/2021\/\">2021 Cost <\/a><a href=\"https:\/\/www.remodeling.hw.net\/cost-vs-value\/2021\/\" target=\"_blank\" rel=\"noreferrer noopener\">vs<\/a><a href=\"https:\/\/www.remodeling.hw.net\/cost-vs-value\/2021\/\">. Value Report<\/a>, the renovations that add the highest dollar amount to your home\u2019s value are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A master suite addition<\/li><li>A major kitchen remodel<\/li><li>A bathroom addition or remodel<\/li><li>A roof replacement<\/li><li>A window replacement<\/li><\/ul>\n\n\n\n<p>Learn more about the top <a href=\"https:\/\/www.flyhomes.com\/blog\/the-top-features-to-increase-your-home-value-in-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">features that can increase your home\u2019s value<\/a> in 2022.<\/p>\n\n\n<figure class=\"wp-block-unsplash-image wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"9163\" data-permalink=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/efcrlqm9ki4\/\" data-orig-file=\"https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1707&amp;h=2560\" data-orig-size=\"1707,2560\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.0&quot;,&quot;credit&quot;:&quot;Bernie Almanzar&quot;,&quot;camera&quot;:&quot;X-T3&quot;,&quot;caption&quot;:&quot;person in black pants and white and black nike sneakers standing on brown wooden floor&quot;,&quot;created_timestamp&quot;:&quot;2020-12-23T14:42:08-05:00&quot;,&quot;copyright&quot;:&quot;Bernie Almanzar&quot;,&quot;focal_length&quot;:&quot;25.0&quot;,&quot;iso&quot;:&quot;1250&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;person in black pants and white and black nike sneakers standing on brown wooden floor&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"\" data-image-description=\"&lt;p&gt;person in black pants and white and black nike sneakers standing on brown wooden floor&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Photo by &lt;a href=&quot;https:\/\/unsplash.com\/@bhurnal&quot; rel=&quot;nofollow&quot;&gt;Bernie Almanzar&lt;\/a&gt; on &lt;a href=&quot;https:\/\/unsplash.com\/?utm_source=the-living-room&#038;utm_medium=referral&quot; rel=&quot;nofollow&quot;&gt;Unsplash&lt;\/a&gt; &lt;\/p&gt;\n\" data-medium-file=\"https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=200&amp;h=300\" data-large-file=\"https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=683&amp;h=1024\" src=\"https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&#038;ixlib=rb-1.2.1&#038;fm=jpg&#038;q=85&#038;fit=crop&#038;w=683&#038;h=1024\" alt=\"person in black pants and white and black nike sneakers standing on brown wooden floor\" class=\"wp-image-9163\" width=\"683\" height=\"1024\" title=\"\" srcset=\"https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=200&amp;h=299 200w, https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=683&amp;h=1024 683w, https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=150&amp;h=150 150w, https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=768&amp;h=1151 768w, https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1024&amp;h=1535 1024w, https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=1366&amp;h=2048 1366w, https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=610&amp;h=914 610w, https:\/\/images.unsplash.com\/photo-1608752503578-52f35965e3d9?ixid=MnwxNTIyNDV8MHwxfGFsbHx8fHx8fHx8fDE2NDgyMzI4NjM&amp;ixlib=rb-1.2.1&amp;fm=jpg&amp;q=85&amp;fit=crop&amp;w=167&amp;h=250 167w\" sizes=\"auto, (max-width: 683px) 100vw, 683px\" \/><figcaption>Even small fixes to your home can translate to thousands of dollars more in the asking price<\/figcaption><\/figure>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Analyze_the_current_market\"><\/span><strong>Analyze the current market<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>How high your <a href=\"https:\/\/www.flyhomes.com\/blog\/what-buyers-should-know-about-a-homes-list-price\/\" target=\"_blank\" rel=\"noreferrer noopener\">home\u2019s list price<\/a> should be will depend on what type of market you\u2019re in. For example, in a seller\u2019s market, a seller may have <a href=\"https:\/\/www.flyhomes.com\/blog\/choosing-a-home-offer\/\" target=\"_blank\" rel=\"noreferrer noopener\">multiple home offers<\/a>, and will likely accept a bid that\u2019s above the asking price.<\/p>\n\n\n\n<p>On the other hand, in a buyer\u2019s market, there are more homes available for sale than there are buyers. Pricing too high in a buyer\u2019s market puts your home at risk of sitting on the market for a long time, causing buyers to wonder what\u2019s wrong with it.<\/p>\n\n\n\n<p>The last type of market is a neutral market. This is when the number of houses and buyers is fairly balanced.<\/p>\n\n\n\n<p>You can determine what market you\u2019re in by analyzing real estate trends in your area, but it\u2019s always a good idea to ask your real estate agent about how the current market will affect your home\u2019s list price.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_the_%E2%80%9899_rule\"><\/span><strong>Use the \u201899 rule\u2019<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Have you ever wondered why so many price tags have odd numbers like $9.99 or $999? Why not just round it up to an even $10 or $1,000?<\/p>\n\n\n\n<p><a href=\"https:\/\/www.fastcompany.com\/1826172\/psychology-behind-sweet-spots-pricing\" target=\"_blank\" rel=\"noreferrer noopener\">Research<\/a> shows this \u201999 pricing strategy\u2019 leads to more sales. For many people, $9.99 feels less expensive than $10, even though it\u2019s just a one-cent difference.<\/p>\n\n\n\n<p>You don\u2019t have to limit yourself to 9s, though. <a href=\"https:\/\/www.cbsnews.com\/media\/7-pricing-tricks-that-make-you-spend-more\/\" target=\"_blank\" rel=\"noreferrer noopener\">Research<\/a> also shows that numbers other than 9\u2014such as 4 or 7\u2014stand out to a buyer more and implies that the seller has put a lot of thought into their price.<\/p>\n\n\n\n<p>You can use this strategy when setting your list price, too. Instead of asking for $400,000 for your home, try pricing it at $399,000 or $397,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Price_slightly_lower_to_start_a_bidding_war\"><\/span><strong>Price slightly lower (to start a bidding war)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Did you know that lowering your home\u2019s list price a bit can increase your final sales price? It\u2019s true! Choosing a slightly lower list price often catches buyers\u2019 attention and can even spark a fierce bidding war.<\/p>\n\n\n\n<p>Let\u2019s say you decide to list your home for $475,000 after analyzing your local market and considering your home\u2019s size and condition. You may get a few buyers to bid on it\u2014perhaps at or even a bit above $475,000.<\/p>\n\n\n\n<p>But if you list your home at $454,000, multiple buyers will likely recognize it as a steal and make <a href=\"https:\/\/www.flyhomes.com\/blog\/how-to-craft-a-strong-offer\/\" target=\"_blank\" rel=\"noreferrer noopener\">competitive offers<\/a>. Before you know it, buyers are outbidding each other and you sell your home for a final price of $493,000.<\/p>\n\n\n\n<p>Keep in mind this is just a hypothetical example, and this strategy is <em>only<\/em> a tool. You can\u2019t guarantee a bidding war, but you can set yourself up for one.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Keep_the_list_price_simple\"><\/span><strong>Keep the list price simple<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When pricing your home to sell, don\u2019t get too fancy with your numbers. Prices like $387,000 are intriguing, but seeing a home listed for $385,441 is just confusing. Does that extra $1 really matter?<\/p>\n\n\n\n<p>It\u2019s best to keep your list price simple and compelling.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consider_buyers_price_ranges\"><\/span><strong>Consider buyers\u2019 price ranges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>People often set a price range when browsing online listings. If you price your home just outside of your ideal range, you could miss out on many potential buyers.<\/p>\n\n\n\n<p>For example, if your home could go for anywhere between $380,000 and $402,000, consider listing it at $399,000. This way, buyers who have set their pricing maximum at $400,000 still see your listing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lower_the_price_if_you_need_to\"><\/span><strong>Lower the price if you need to<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It\u2019s okay to lower your home\u2019s list price if you realize it\u2019s too high. Reducing it can even capture new attention and incite buyers to make a bid because they feel they\u2019re getting a great deal. In 2021, sellers who reduced their list price accepted an offer <a href=\"https:\/\/www.yahoo.com\/now\/price-cuts-less-frequent-2021-090008119.html\" target=\"_blank\" rel=\"noreferrer noopener\">within an average of only 19 days<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wrapping_up_your_homes_list_price\"><\/span><strong>Wrapping up your home\u2019s list price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There\u2019s no easy way to determine your home\u2019s list price. But if you consult with your real estate agent, consider your local market, accurately assess your home\u2019s condition and location, and use smart pricing strategies, you\u2019re ready to start pricing your home to sell at a top rate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Do homes sell for asking price?<\/strong><\/h4>\n\n\n\n<p>It depends on the current market. In a seller\u2019s market, it\u2019s much easier to sell a home for asking price or above. For example, in 2021, the average home\u2019s sale price was a median of 100% of the final listing price, according to the <a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/2021-highlights-from-the-profile-of-home-buyers-and-sellers-11-11-2021.pdf\">National Association of Realtors<\/a>. In a buyer\u2019s market, though, it\u2019s not uncommon for homes to sell at or below the asking price.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Can a seller change the list price?<\/strong><\/h4>\n\n\n\n<p>Yes, a seller can change the list price. A seller may do so if they haven\u2019t received a favorable bid within a certain amount of time. The more eager they are to sell quickly, the more willing they may be to decrease the home price and encourage more bids.<\/p>\n\n\n\n<p>Although it\u2019s less common, a seller may also increase their home\u2019s list price after their listing has been published. Sometimes sellers do this after an offer has fallen through. They republish the listing at a higher price so they have more room to negotiate.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Can I list my house for as much as I want?<\/strong><\/h4>\n\n\n\n<p>You could do that, but you run the risk of not getting a reasonable offer because you overpriced your home. It\u2019s important to accurately assess your property, its location, your current market, and recent home sales in your neighborhood to determine a strategic list price. Be sure to consult with your real estate agent during this process.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How do you find the list price?<\/strong><\/h4>\n\n\n\n<p>As a buyer, you can find a home\u2019s list price online if it\u2019s available on an online listing. You can also ask your real estate agent to show you the asking prices of listings that match your criteria.<\/p>\n\n\n\n<p>As a seller, you can find your home\u2019s ideal list price by looking at the competitive market analysis your real estate agent provides. This analysis will help you determine the best dollar amount in light of your home\u2019s size, location, and condition.<\/p>\n\n\n\n<p><strong>About the author:<\/strong> Jenny Rose Spaudo is a freelance copywriter and content strategist specializing in real estate, PropTech, and finance. She\u2019s written for clients like Knock, PropStream, and Edward Jones, and her writing has appeared in publications such as <em>Business Insider<\/em> and <em>GOBankingRates<\/em>. Visit her <a href=\"https:\/\/jennyrosespaudo.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">website<\/a> and connect with her on <a href=\"https:\/\/www.linkedin.com\/in\/jenny-rose-spaudo-freelance-writer-real-estate-finance-accounting-ministry\/\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a>.<\/p>\n\n\n\n<input type=\"hidden\" id=\"calendly_utm_post_id\" value=\"9161\" \/><input type=\"hidden\" id=\"calendly_utm_post_title\" value=\"How do I know how much to list my house for?\" \/>","protected":false},"excerpt":{"rendered":"<p>12 tips to sell your home for top dollar Ready to sell your home? You may have an ideal amount you\u2019re hoping to sell your home for, but it\u2019s important to consider several crucial factors before you set your home\u2019s list price. In this article, you\u2019ll learn what a list price is and how to [&hellip;]<\/p>\n","protected":false},"author":148668397,"featured_media":9164,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[655423276,8553,655421632],"tags":[],"class_list":["post-9161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selling-a-home","category-strategy","category-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How do I know how much to list my house for? - Blog<\/title>\n<meta name=\"description\" content=\"You may know what you\u2019re hoping to sell your home for, but it\u2019s important to consider several factors before you set your home\u2019s list price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flyhomes.com\/blog\/setting-a-list-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do I know how much to list my house for? 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