Virginia, Maryland and Washington DC Real Estate Search

Portfolio Realty is a premier real estate firm serving Virginia, Maryland and Washington DC. The DC metro area real estate market demands high levels of skill, proficiency and knowledge. Whether you are eager to buy your first home, sell your nest egg, invest or relocate to the area, it is important to protect your investment by working with a local market expert.
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Pricing Your Home

Pricing Your Home Sellers Guide
Determining the price of your home can be challenging without the guidance of a skilled Real Estate Agent or home appraisal. Several factors should always be reviewed and taken into account when deciding the value of your home in Northern Virginia or Washington DC. Here are some important ones to consider:

 

Recently Sold Comparable Homes
Active Comparable Homes
Property Tax Assessment Value
Number of Comparable Homes for Sale
Average Days on Market for Comparables
Upgrades or Features That Make Your Home Unique
Your Timeline and Goals for Selling Your Home

One of the first things your Portfolio Realtor® will do for you is check the prices of homes that have sold in the past few months that are similar, or comparable to yours. The majority, if not all of the comparable homes should be within your neighborhood or no further than a mile from your home. Another good indicator is to check out the comparable homes that are currently active on the market. However, pay attention to the days on market and be aware that homes may be overpriced which is why they haven’t sold.

Specific things to consider when pricing your home are: the size of your home and square footage, age of your home, number of bedrooms and bathrooms, garage spaces, the construction of the home, lot size, HOA and condo fees, school district, location, property taxes, and any recent upgrades or renovations.

Once you have put together a list of features that separate your home from the rest, you’ll begin to have an idea of how much to price your home. If you’re in a hurry to sell your home, pricing it 4 – 8% below the comparable average will get it sold quickly and may generate multiple offers. If you think you can sell your home for more than the average comparable home, be prepared to wait a while for the right buyer.

The last thing you need consider is the short sale and foreclosure inventory in your local market. Risky loans taken out in previous years are creating a glut of short sale properties and foreclosure homes. Ask your Realtor if any short sale or foreclosure listings will affect your home sale. If there are many of these properties in your immediate area, you may have to wait until they sell or be prepared to compete with them.
Any home will sell regardless of the real estate market as long as it is:

  • Priced Right
  • Available to Show
  • Shows Well

Pricing your home right is one of the most important aspects to a fast and rewarding home sale. Our Realtors will educate and guide you in the process of pricing your home correctly to ensure you receive the maximum sales price for your home.

Call us today at 703-637-8100 for more information about the selling process or to list your home with Portfolio Realty

Sell Your Home with Portfolio Realty Solutions!

Portfolio Realty's listing and marketing plan is one of the best and most comprehensive in Virginia, Maryland and Washington DC. We have identified the most effective avenues for marketing your home and will work hard to sell your home quickly. With a FREE Virtual Tour, high quality photos and extensive marketing, why go anywhere else? Call us today at 703-637-8100
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