Pricing your home in the Nashville TN area.

Not Sure How to Price Your Home? Use These Expert Strategies to Hit the Sweet Spot

Pricing your home based on data, not emotion, can mean a swift sale.

You don’t need to be Bob Barker to know when the price just isn’t right. Just ask Candace Talmadge. She originally listed her Lancaster, Texas, home for $129,000, but “eventually had to accept the market reality” and chop $4,000 off the price.

The home’s location proved challenging: Buyers were either turned off by the area — a lower-income neighborhood south of Dallas — or unable to afford the home.

“Sellers have to keep in mind the location,” says Talmadge. “Who are going to be the likely buyers?”

Home pricing is more of a science than an art, but many homeowners price with their heartstrings instead of cold, hard data. Here’s why crunching the numbers is always the better route to an accurate home price — as well as what can happen when home sellers overlook those all important data points.

Read more: http://www.houselogic.com/home-advice/home-thoughts/how-much-is-my-home-worth/#ixzz435TRNUTV
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