Question: Can I price my house above market value?
It’s in really good condition, and I think it’s going to sell for that much – as long as I ask for that much.
Technically, you can price your home in any range. You could ask $65 million for a one-bedroom condo six miles from the beach.
It’s just that your home is only worth what someone is willing to pay for it.
Your agent will figure out how much your house is worth by comparing it to other, similar properties nearby that have sold, are on the market, and have expired from the market. This approach lets you know what other people are paying for homes in the area, as well as what they’re likely to pay for yours.