Choosing an asking price starts with homes genuinely similar to yours, not whichever townwide number looks most appealing. I want you to understand the reasoning behind your price before you commit to listing.
Across Hempstead's single-family homes, condos, townhouses and apartments, the latest market report gives a typical sale price of $681,000. The typical asking price among homes listed for sale was $699,999. The estimated value of a typical home was $693,730, a model-based estimate rather than an appraisal. The number of homes listed for sale in the latest market report was 93.
Asking prices and sale prices describe listed and sold groups, so their difference does not establish a negotiated discount. An estimated value is another reference point, not a substitute for examining your home's condition and relevant sales. I would use completed sales to ground the discussion and competing listings to assess how your asking price compares.
Gather details about improvements, repairs and the home's layout so our comparisons account for its actual features. Review recent sales of similar homes with me, then consider competing homes listed for sale separately. Decide how you will review the asking price if inquiries and visits do not support your initial expectations.
