Pricing Strategy in Carmel
Located in Hamilton County, Carmel is a large city in Indiana with a population of more than 70,000 people. Popular with those who want to live close to a major city without actually living in the city, many of the residents commute to jobs in nearby Indianapolis. CNN Money Magazine named Carmel the Best Place to Live in the United States, which led to a large number of people looking for new and existing homes and office space in the area. Here at Epps-Elson, we know that local residents need help when it comes to selling their homes. One of the main services that we offer is with pricing strategy in Carmel.
Current Carmel Home Prices
In the days and weeks following the CNN Money Magazine, home prices in Carmel skyrocketed. While the prices later dropped back down, we still see homes in the area selling for a wide range of prices. Some of the homes we have on the market today feature a price of around $200,000 to $250,000, but we also see homes priced well over $300,000. Shoppers now make a long list of things that they want in homes, and the properties that meet the items on their wish lists will sell for a higher price.
Pricing Your Home
One of the issues that we note when it comes to pricing strategy in Carmel is that far too many homeowners price their homes at below or above market value. You might see a house down the street with a list tag of $450,000 and decide to sell your own home for that price. Something as simple as an updated kitchen or an extra bedroom in that house can make it worth more than yours. Determining a price for your house on your own is extremely difficult. You don’t have the resources available that you need, but we have the those resources within our fingertips.
What We Do
In regards to pricing strategy in Carmel, we start with a look at the real estate comparable. Also known as comps, this refers to the price that homes sold for in your area in recent weeks and months. We then narrow down that research into which homes match the same features, size and location as yours. This helps us see if a house sold for more because it had a larger lot size or whether a similar house sold for less due to the surrounding neighborhood. We use all those factors to help us determine the price to place on every home listed with us. Here at Epps-Elson, we work hard to ensure that each of our clients gets the best prices for those homes. Call us before you put your home on the market.