Finding Your Home's True Value in Maryland

Looking to buy a home? Search all homes for sale  Selling your home? Get a FREE home value report Do you know how much your house is worth? Many think they do, but are mistaken. The median housing price in Maryland is about $310,000, and last year, it was right around $299,000. The exact price of your home depends on the size, the neighborhood, and lots of other factors. Your own skewed perspective complicates things even further. We tend to think that our home is mostly positive and expensive, and we airbrush out the apparent flaws from our minds. When we're looking at the factors that you're going to be able to sell the property for, we want to focus on the square footage, the location, and the condition. If it's sound structurally and mechanically, you're already going to be in a great place to get a higher sales price. We're looking at the roof, air conditioning, furnace, and hot water heater because they're all going to play major roles in the value of your property. Also, cosmetically, if we're looking at a home with say, an upgraded kitchen versus a property that does not, of course the buyer will be willing to pay more. The appraiser will be able to appraise the home for a higher value as well. You also want to be sure we can price the property a couple different ways. When we have a Realtor come out and visit you, you have the option of listing at a high price, and the house might sit on the market longer (like 120 days). Or maybe you list the property at market value or a little bit below, and start to receive multiple offers. Whichever option you choose, the most important thing to remember is when you get into the relationship with your real estate agent, you want to make sure they've clearly communicated a pricing strategy that is going to get your property to sell in a reasonable time frame. If you're thinking about buying or selling, or you have any questions about Maryland real estate, call me today for a free consultation. I look forward to hearing from you.

An episode of the Maryland Real Estate Podcast with Ron Windsor podcast, hosted by Ron Windsor, titled "Finding Your Home's True Value in Maryland" was published on June 13, 2016.

June 13, 2016 · Maryland Real Estate Podcast with Ron Windsor

Summary

Looking to buy a home? Search all homes for sale  Selling your home? Get a FREE home value report Do you know how much your house is worth? Many think they do, but are mistaken. The median housing price in Maryland is about $310,000, and last year, it was right around $299,000. The exact price of your home depends on the size, the neighborhood, and lots of other factors. Your own skewed perspective complicates things even further. We tend to think that our home is mostly positive and expensive, and we airbrush out the apparent flaws from our minds. When we're looking at the factors that you're going to be able to sell the property for, we want to focus on the square footage, the location, and the condition. If it's sound structurally and mechanically, you're already going to be in a great place to get a higher sales price. We're looking at the roof, air conditioning, furnace, and hot water heater because they're all going to play major roles in the value of your property. Also, cosmetically, if we're looking at a home with say, an upgraded kitchen versus a property that does not, of course the buyer will be willing to pay more. The appraiser will be able to appraise the home for a higher value as well. You also want to be sure we can price the property a couple different ways. When we have a Realtor come out and visit you, you have the option of listing at a high price, and the house might sit on the market longer (like 120 days). Or maybe you list the property at market value or a little bit below, and start to receive multiple offers. Whichever option you choose, the most important thing to remember is when you get into the relationship with your real estate agent, you want to make sure they've clearly communicated a pricing strategy that is going to get your property to sell in a reasonable time frame. If you're thinking about buying or selling, or you have any questions about Maryland real estate, call me today for a free consultation. I look forward to hearing from you.

Episode Description

Looking to buy a home? Search all homes for sale 

Selling your home? Get a FREE home value report

Do you know how much your house is worth? Many think they do, but are mistaken.

The median housing price in Maryland is about $310,000, and last year, it was right around $299,000. The exact price of your home depends on the size, the neighborhood, and lots of other factors. Your own skewed perspective complicates things even further. We tend to think that our home is mostly positive and expensive, and we airbrush out the apparent flaws from our minds.

When we're looking at the factors that you're going to be able to sell the property for, we want to focus on the square footage, the location, and the condition. If it's sound structurally and mechanically, you're already going to be in a great place to get a higher sales price. We're looking at the roof, air conditioning, furnace, and hot water heater because they're all going to play major roles in the value of your property.

Also, cosmetically, if we're looking at a home with say, an upgraded kitchen versus a property that does not, of course the buyer will be willing to pay more. The appraiser will be able to appraise the home for a higher value as well. You also want to be sure we can price the property a couple different ways. When we have a Realtor come out and visit you, you have the option of listing at a high price, and the house might sit on the market longer (like 120 days). Or maybe you list the property at market value or a little bit below, and start to receive multiple offers.

Whichever option you choose, the most important thing to remember is when you get into the relationship with your real estate agent, you want to make sure they've clearly communicated a pricing strategy that is going to get your property to sell in a reasonable time frame.

If you're thinking about buying or selling, or you have any questions about Maryland real estate, call me today for a free consultation. I look forward to hearing from you.