Are you ready to sell your home? The more you know about the Anchorage market, the better your chance of getting the best price for your home. Get a smart deal on your home by studying local housing trends. Price your home competitively before you put it on the market. Here are a few tips to pricing your home to sell in Anchorage, AK:
Avoid Personal Bias
Sellers love their houses. After all, they live in their homes and it is easy to overlook imperfections that a buyer would quickly notice. An emotional attachment to your house makes it difficult to be objective about true value. Visualize your home through the buyer’s eyes and ditch your own personal opinion. Buyers do not care about what you spent in upgrades, or how much money you need to buy your next home.
Comparative Market Analysis
If you work with a realtor, you will get a comparative market analysis (CMA). This report will include recent sales in the Anchorage area, number of days on the market, prices of recently sold homes, and homes that did not sell. Consider getting a professional appraisal on your home. The appraisal and CMAs will give you a good idea of what your home is currently worth. You can also use our free home valuation tool:
Do your Own Market Research
You need to know the Anchorage market conditions and your competition. Think about your home’s location. Are you in an older neighborhood or a newer subdivision? Use the Internet to do market research. There is a wealth of information online.
Consider Market Conditions
Visit open houses around your area. Analyze those homes against yours for location, square footage, lot size, amenities and overall condition. Would you buy your home over the competition? Determine how quickly homes are selling in your area of town. Does your home offer convenient access to Joint Base Elmendorf-Richardson? If so, think about selling your home in the spring or summer when many military families transfer. The cold and snow during Anchorage winters is not the optimal time to sell a home, but competition may be less.
Sweeten the Transaction Items
You can attract some buyers with good terms such as closing escrow quickly or assisting with buyer closing costs. A lease with option to purchase is another alternative. Offer your washer and dryer, refrigerator, or other amenities to appeal to buyers. Stay creative and flexible with buyers to increase your ability to sell your home at a good price.
Selling Your Home in Anchorage, AK
No buyer will pay more than a home is worth in the current Anchorage market. To sell your home quickly and for the best deal, price it competitively to entice buyers. If you have done your legwork, they will see that your home is the best deal in the neighborhood. To learn more about selling your home in Anchorage, read our free home seller’s eBook: