Home Pricing
Home pricing refers to the process of determining the value of a residential property. Factors influencing this value include location, size, condition, and recent sales of similar homes in the area, often referred to as comparative market analysis.
Real estate agents and appraisers typically use these factors to set a competitive price that attracts buyers while ensuring the seller receives a fair return. Additionally, market trends, such as supply and demand, can significantly impact home pricing, making it essential for sellers to stay informed about current conditions in the real estate market.