Set a price for your listing
Your next step is to determine a competitive listing price for your home.
For a more accurate and in-depth home value report, connect with a real estate agent.
During your initial interview, a realtor should have provided you with a comparative market analysis (CMA) report, which is based on an in-person inspection of your home’s condition, its renovations and upgrades, and what similar homes have recently sold for in your area.
What does a CMA report usually include?
- Recent sale prices of similar homes in your neighborhood.
- How long it took those homes to sell after going on the market.
- Local sale prices vs. initial listing prices.
- How much your home’s upgrades or repairs add to its value.
- Key information about your home and its comparables, including square footage, bedrooms and bathrooms, and the age of each home.
- The agent’s recommended list price.
» Get your home value now: Request a CMA from a Texas realtor
Should I get a pre-listing appraisal?
Appraisals are usually conducted by the buyer during the home sale process, but you technically get a pre-listing appraisal to guide your pricing.
However, appraisals are costly ($300 to $450, according to the Texas Appraiser Licensing & Certification Board), and can take 1-2 weeks to complete, so it needs to fit within your budget and timeframe.
