# How to Determine the Value of Your House When It's Time to Sell

When it comes to selling your property, getting the price right can be the most crucial issue. You don't want to overprice the home since the appeal will have faded after the first two to three weeks of showings. After around 21 days, demand and interest fade.


Pricing your home too high can be a mistake, but pricing it too low will almost always result in many offers above the asking price.

You can assess market value using a comparative market analysis (CMA) and similar home sales in your region.

## Compare Listings Using the CMA

First, look at every similar home that has been listed in your community in the last six months. Appraisers don't use comps older than three months, so you could wish to reduce the time frame even more. You'll want to get to your home's eventual evaluated value as near as possible.

## Examine Comps That Have Been Sold

To assess any price decreases, compare the original list prices of the residences to the actual sales prices. To calculate ratios, compare final list prices to actual sales prices. Compare to at least three properties that have recently sold for market value.

## Look for listings that have been withdrawn or that have expired

Check the history of any expired or withdrawn listings to see if they were ever relisted. The term "expired" denotes that the listing agreement's term has expired without a sale. The listing agreement is still in existence, but the homeowner has decided not to promote the home. Want to sell your property? google [real estate for sale north NJ](https://century21cedarcrest.com/buying-home-property-north-jersey-nj/) and get connected with us for quality service.

## Listings that are currently active

Keep in mind that sellers have the right to ask for whatever they want for their homes. It's not a guarantee that they'll get that price. Please take a tour of these active-listing houses to get a sense of what buyers would see when they come to see them. Please list what you like and don't like about the properties and how you felt when you walked into them.