How Much Is My Tucson Home Worth?
One of the biggest challenges you face when selling your Tucson real estate is in deciding exactly how much your home is worth. If you set the price of your home too low, you’ll be leaving money on the table; set it too high and your Tucson home could languish on the market for the foreseeable future. Here are some points to keep in mind that will help you improve the odds that you’ll get a fair price for your home -- and that it will sell quickly.
The Tucson Real Estate Market is Rapidly Changing
Whether you’ve purchased your Tucson home within the last couple of years, or you’ve been blessed to have lived in your home for several decades, one single fact is more true today than ever before: The market is changing rapidly. Because of this, it’s very difficult to know exactly how much your home is currently worth.
If you bought your Tucson dream home at the apex of the real estate market, the value of your home has dropped considerably. At the same time, you might be fortunate enough to have purchased your home when property values were much lower than they are now. In both cases, it’s important that you find out today’s market value of your home so you can sell it quickly -- at a fair price.
Potential Buyers of Your Home Don’t Value
Your Home the Same Way You Do
While your Tucson home may have given you countless memories through the years that are priceless to you, potential buyers of your property don’t have the same attachment to your house that you do. Buyers see dollars and cents; if you ask for more than your home’s fair market value, it won’t make sense to potential owners of your home and they’ll keep looking -- elsewhere.
While it might be difficult to do, it’s critically important that you differentiate between sentimental value and market value. Because you’re so close to the situation, your opinion will probably be clouded by the memories you’ve made in your Tucson home. The best way to overcome this and price your home appropriately is to work with a qualified real estate agent that will help you arrive at the best-possible listing price for your home.
No Tucson Home Has an Absolute Value
Many property owners are surprised when they discover that real estate pricing is much different than almost any other purchase they might make. If you walk into a retail establishment, prices are clearly marked -- and in almost all cases -- that is the price you would expect to pay unless the merchant is willing to accept less.
WIth real estate, the housing market has a general price range for houses of similar design, amenities, age, and location. When you work with a Tucson real estate professional, a careful assessment is made of your home -- and it is compared with similar properties that have recently sold in the general vicinity of the home you’re selling. These values -- called comparable values -- are used by your real estate professional to determine the best listing price for your home.
The Secret to Establishing the Right Price
for Your Home
The secret to establishing the right listing price for your Tucson dream home is to work with the best-qualified real estate broker you can find. This is a critical step for the success or failure of your Tucson home sale. Kai Associates offers our clients the peace of mind that comes from working with one of the best, most caring real estate brokerages with one single focus: ensuring that you receive the best-possible price for your Tucson property.
Your Next Step: Selling Your Tucson Home Fast
You have specific financial needs for your Tucson home sale. By working with a highly qualified real estate professional, you can list your home for the right price, get the fastest possible sale, and walk away from your Tucson home sale transaction with the knowledge that you got the best-possible deal available in today’s Tucson home market.
Enter your contact details in the box below and we’ll rush your checklist on "27 Tips for Selling Your Home Fast and For the Most Money" -- so you can start selling your house today.
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Data is deemed reliable but is not guaranteed accurate by the MLS.