How Omaha and Council Bluffs Real Estate Agents Determine the Listing Price for Your Home

How Omaha and Council Bluffs Real Estate Agents Determine the Listing Price for Your Home
Homes By Chris Harter: Your Local Omaha and Council Bluffs Real Estate Agent. Call: 402-378-9462 or www.homesbychrisharter.com

Setting a listing price for your home in Omaha or Council Bluffs involves a lot more than just writing down what you think it’s worth. There’s a lot that goes into determining the best selling price of a home in Council Bluffs or Omaha one that will help you sell fairly quickly while at the same time getting you the most money possible. The process is both art and science, but there are some fairly standard procedures, pricing formulae, and influencing factors that local real estate agents in Omaha or Council Bluffs use and take into account. So let’s see how local real estate agents in Council Bluffs or Omaha determine the listing price for your home.

Overview of Listing-Price Determination

The main points to keep in when it comes to determining listing price are: 

  • A comparison of your home with similar nearby and recently sold homes
  • The current competition in the local market
  • The different prices from different local real estate agents in Omaha and Council Bluffs

It’s important, then, to understand how local real estate agents in Council Bluffs and Omaha typically arrive at a price for your home. 

The primary pricing tool local real estate agents in Omaha and Council Bluffs use is a comparative market analysis (CMA). The CMA results will outline the proposed listing price for your home in Council Bluffs and Omaha allow you to understand the reason for that particular selling price of a home in Omaha or Council Bluffs, as well as providing the basis for a marketing plan.

Formerly fairly simple write-ups of property in Omaha or Council Bluffs comparisons, CMAs are now lengthy and complex, having been generated through the use of specialized software. They typically “show the average and median sale prices, price adjustments, local minimum and maximum sale prices, days on the market, individual closed sales, homes that were listed but did not sell in Omaha or Council Bluffs the best time to sell, the impact of overpricing, etc.”

Still, there are other things your local real estate agents in Omaha and Council Bluffs will take into account in determining the selling price. And that’s why proper pricing depends on local real estate agents in Council Bluffs and Omaha experience and resourcefulness as much as it does plugging figures into the CMA software. You can find out more by contacting Chris and her team at Homes By Chris Harter at 402-378-9462 or www.homesbychrisharter.com.

The Four Factors That Influence Listing Price

There are a host of factors that can influence how you should price home buyers in Council Bluffs or Omaha. But the ones with the most impact are the comps (the results of the CMA), location, condition, and updates.

COMPS/CMA RESULTS

In simplest terms, this is a comparison of the selling prices recently sold houses in Omaha or Council Bluffs that are very similar to yours and in close proximity to yours. It also includes your current competition – that is similar homes in Omaha or Council Bluffs currently for sale and their time on the market. 

For the CMA to be an accurate tool for determining listing price for your home in Omaha or Council Bluffs it must take into account homes that are very like yours with respect to condition, age, features, number of rooms, square footage, and so on. These homes also have to be close, ideally within the same neighborhood. And they have to have sold recently, ideally within the past six months at most.

After running the comps your local real estate agents Omaha and Council Bluffs will have a fairly good idea of what the listing price for your home in Omaha or Council Bluffs should be. But there remain other things to factor in.

THE LOCATION

If your home is located close to important amenities, it will likely sell for more than very similar homes in Omaha or Council Bluffs that aren’t as close to those amenities. Proximity to things like good schools, entertainment, and dining will make it more desirable to home buyers in Omaha or Council Bluffs, and your local real estate agent in Council Bluffs and Omaha will use that in determining a listing price for your home in Omaha or Council Bluffs.

Other location-related factors include whether your home is situated on a busy street or a quiet cul-de-sac, as well as crime rates for the area and the location’s economic outlook. Your local Council Bluffs or Omaha realtor will look at all these when coming up with a listing price for your home in Omaha or Council Bluffs.

THE HOME’S CONDITION

Because no two houses in Council Bluffs or Omaha are exactly alike, your home’s condition will also play a role in pricing. If your home is in better condition than the comparable homes used in the CMA, you can set a higher list/sale price. 

In fact, home buyers in Omaha or Council Bluffs have been known to pay up to $15,000 more for a home that is well maintained and in excellent condition. So with repairs and refurbishments, a good roof, and a top-notch HVAC system, you can typically list your home in Omaha or Council Bluffs at a higher selling price of a home. To find out how to prepare your home in this regard, contact Chris and her team at Homes By Chris Harter your local real estate agent in Council Bluffs and Omaha.

HOME UPDATES

Similarly, your local realtor in Council Bluffs and Omaha will also take into account any updates when determining the listing price for your home in Council Bluffs or Omaha. Updates – whether repairs, upgrades, or a major remodel – will definitely impact your home’s value in a positive way.

Unfortunately, not all updates will allow you to list your home in Council Bluffs or Omaha for much if anymore. Some updates simply yield a better return on investment at sale time. So if you’re considering some updates or upgrades prior to listing your Omaha or Council Bluffs house online, be sure to consult Chris and her team at Homes By Chris Harter, Call 402-378-9462 first.

Why You Need a Good Omaha or Council Bluffs Real Estate Agent to Determine Listing Price

Certainly, you can determine a listing price for your home in Omaha or Council Bluffs yourself, but should you? Remember, pricing right is often considered the best marketing tool – the one that can get you a quick sale at a good price. And determining the right listing price for your home in Omaha or Council Bluffs usually takes a lot of experience, skill, and intuition. If you want to sell your house fast in Omaha or Council Bluffs with the assistance of a good professional local real estate agent in Omaha or Council Bluffs, reach out to Chris and her team at Home By Chris Harter contact today at 402-378-9462.

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