Short answer: price your home based on what similar homes nearby have recently sold for, adjusted for condition and features. Don't price on the asking prices of other listings, your tax assessment or an online estimate.
What sets the price
- Recent sales: similar homes, close by, sold in the last few months.
- Condition and updates: roof, windows, heating, kitchens and baths.
- Lot and location: street, yard, view and commute.
- Competition: what buyers can choose from this week.
- Timing: posting season in spring and summer brings more buyers to Oromocto and Fredericton.
Three common traps
- Using your tax assessment. Your property assessment is set for tax purposes and can be well above or below market value.
- Trusting online estimates. They can't see your new kitchen, your leaky basement or the train track behind the fence.
- Starting high to 'leave room'. The first two weeks bring the most attention. Overpriced homes sit, and stale listings often sell for less in the end.
Price bands matter
Buyers search in ranges, like up to $350,000 or up to $400,000. Pricing just above a common cut-off can hide your home from a whole group of buyers. I'll show you where your home sits.
Get your number
Want a real price range, not a guess? Request a free home value estimate and I'll send it within one business day.
Talk to Nick
Let's make a plan
Thinking of selling? Call or text 506-304-9292 or request a free home value estimate.