Here in New Orleans, we’re seeing more and more buyers entering the market despite dwindling inventory. So if you’re a current homeowner, that means now could be a fantastic time to cash out on your built-up equity.
Want to make the most out of your NOLA home sale? We have a few pricing strategies that can help you get started on the right foot.
What You Need to Know About Pricing Your Home
Unless you have quite a bit of real estate experience, it can be hard to know just how much your home is worth. But with the help of a qualified agent, you’ll be on your way to getting top dollar for your New Orleans property.
Here are a few pricing and selling tips to consider before your home hits the market. And if you ever have any questions about real estate in the big easy, you can always drop us a line!
Consider why you want to sell
If you’re on the fence about moving or are just curious about your home’s value, take some time to consider your individual needs first. As prices continue to increase, now is a fantastic time to sell—but it may be more profitable to refinance your current home instead.
As you consider your home’s value, be sure to explore all the options available to you. If you want to move into a bigger or more expensive home, you may want to sell soon to maximize your profit. However, if you’re satisfied with your house, refinancing your loan or waiting to list might be the better option.
Avoid “instant offer” companies
Many homeowners have checked instant offer sites like Zillow and OpenDoor to get an idea of their home’s value. While these sites promise accurate prices, they should only be used as a starting point if you’re serious about selling.
Typically, these sites use outdated algorithms to generate a price and may not even have accurate information on your home. They also don’t take into account any repairs or upgrades you’ve made over the years, which can further increase your property value.
Work with a trusted agent
Instead of working with an instant offer site, consider enlisting the help of a top New Orleans real estate agent to price your home. They’ll have the local know-how to give you an accurate number, and they can even perform a thorough comparative market analysis to give you a competitive edge.
Want to learn how much your home would sell for if you listed it right now? Just give us some information, and we’ll develop a comprehensive report that has all the details you need to know.
Check out other recently sold homes
Many sellers make the mistake of only comparing their home to other properties that are currently on the market. While it is important to scope out the competition, checking out sold listings can actually give you a better idea of how to price your home.
You can sign up for our neighborhood sold reports if you want to see the latest sold listings in your area all in one place. There’s never been an easier way to see how your home stacks up—and they’re totally free!
Let’s Price Your Home Right!
Whether you need selling advice or want to learn more about pricing your home right, you can trust the Nugent Freeland Team to guide you in the right direction. We’d love to help you navigate every step of the selling process, so just give us a call today to get started.