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What's My Home Worth? Establishing the right asking price is critical to the home selling process. Some sellers have said, "I need to start high because I can always come down, but I can't go up." That is not a good way to hit the market as a new listing. Research has shown that being overpriced is the number one reason houses don't sell. When your house goes on the market, the greatest potential for buyer traffic is in the first 30 days. By pricing it high to drop it later, you bypass your best candidates for buyers. How To Determine The Right Asking Price? There are a few ways to determine your home's worth. The fastest is a Property Value Website . The property valuation website uses the AVM or automated value model to estimate a property's worth. This is the fastest but least accurate. The values generated by AVMs are based on automated computer modeling from public records. They may not represent the home's actual value as they cannot c...
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