The Price Is Right

One of the most important steps in the house-selling game is pricing your house right. Here's how to pick a number that works.
By: Tammy Stoner
Related To:

One of the most important steps in the house-selling game is trickier than it appears: Pricing your house to sell. Not pricing it at what you think it's worth, but pricing it according to the current housing market. For this, you will need to think not with your heart but with your acronyms --- your CMA (comparable market analysis) and FMV (fair market value).

A CMA is a compilation of statistics on recent, nearby sales of comparable houses or “comps” (houses with a similar number of bedrooms and baths, similar square footage, etc). Your real estate agent provides the CMA to determine your FMV. In a busy market, this can be unnecessary since the agent (or you) will be able to determine the value based on knowledge of neighboring properties.

Keep Reading

Next Up

Pricing Your Home to Sell

Follow these tips for pricing your home correctly in a competitive market.

An Offer is More Than the Price

With the possible exception of price, the terms of your offer should mirror as closely as possible the terms the sellers' agent expressed would be preferred without impairing your important legal protections and other common sense needs.

Is an Auction Right for You?

The fast-paced real estate auction process can be a fit for some sellers.

Build or Buy? Making the Right Decision

It's more than deciding on the right carpet-tile combination. Before you hire a builder or sign on a dotted line, read these tips to make sure you're getting the best house for your buck.

Is Seller Financing the Right Choice for Me?

Are you a home seller who wants to offer financing to a qualified buyer? See how one of real estate expert Tara-Nicholle Nelson's clients did just that.

Saving Money While Paying for a Home

You may be financially "exhausted" from saving for your home purchase, but now's actually a great time to keep saving.

Sell the Benefits of Your Smaller Home

Impress buyers with money-saving and eco-friendly features.

Sellers: What to Do When You Can't Find a Home Before Yours Sells

Did you sell your home so quickly you're worried you can't find a new home in time? See how one woman solved the problem.

Scheduling Your Relocation

If you can postpone your move, you could save some major cash.

Price Low to Sell High

Slash asking price early, plus more tips from real estate guru Barbara Corcoran.

On TV

Tiny House Hunters

6:30am | 5:30c

Flea Market Flip

8:30am | 7:30c

Flea Market Flip

9:30am | 8:30c

Flea Market Flip

10:30am | 9:30c

Flea Market Flip

11:30am | 10:30c

Fixer Upper

12pm | 11c

Fixer Upper

1pm | 12c

Fixer Upper

2pm | 1c

Fixer Upper

3pm | 2c

Fixer Upper

4pm | 3c

Fixer Upper

5pm | 4c

Fixer Upper

6pm | 5c

Fixer Upper

7pm | 6c
On Tonight
On Tonight

Fixer Upper

8pm | 7c

Good Bones

9pm | 8c

House Hunters

10:30pm | 9:30c

House Hunters

11pm | 10c

House Hunters

11:30pm | 10:30c

Good Bones

12am | 11c

House Hunters

1:30am | 12:30c

House Hunters

2:30am | 1:30c

Fixer Upper

3am | 2c

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.