One of the most important steps to pricing your home is conducting a comparative market analysis (CMA) to gain an understanding of how homes similar to yours are priced. To perform a CMA, research homes with qualities similar to yours – such as location, size, amenities (e.g. pool), upgrades, etc. Location and size are two of the main variables for CMA’s that help determine a price range for your home.
When looking at comparable homes, check to see how many days the home has been on the market (DOM). If a home has been sitting on the market for more than a month, it is likely overpriced, so you will want to take note of that when gathering figures. Realtors can perform CMA’s for home sellers with greater accuracy since they have access to off-market properties and are connected with other agents, so if you are working with a Realtor, this is a service you should expect.