Market Price
A HOME TOOL
DETERMINE YOUR HOME’S MARKET PRICE
enter value Your home’s projected purchase price
Market Price
Rank your Home
- Take your ranked results from Rate This Home to find your home’s Market Price.
- Market Price gives you 2 pricing graphs: For Sale price and Sold Price.
- Use these comparisons to help understand your home’s placement in the Market.
It’s about Market Price
At the moment you’re ready, the most critical number to your success is Market Price.
When you’re selling your home, you may reject a great offer that you later regret.
When you’re buying your next home, you may lose the house you really wanted.
Use your Market Price tool to align your view with the Market Frame. It can save you both time & money.
The Value of a Home: We do not buy our home on specs alone. We also consider sentimental value.
Rate this Home using Specs & Sentiments & get laser focus on ranking for the Market Price.
Tool box included in HomeToHome
Home Price : Negotiate for your home’s Market Price
Your Negotiating Frame begins here with your Offer Price. A home’s Price is negotiated. A home’s Price Profile brackets your Negotiating Frame.
Your agent’s profile: 6 qualities that influence your home’s price
Strategically choose your Agent. Your Agent’s Profile (below) affects all stages. Use HomeToHome’s Agent AQ Search to choose your agent. Review their Agent Service Plan and use your Guide’s checklist to evaluate.
- Client Preparation: Educate client for each stage, strategically prepare clients.
- Market Alignment: Align client to inventory, pricing, timing, and opportunity.
- Property/Purchaser Acquisition: Identify best properties/buyers for client’s needs.
- Negotiation: Maximize value for client: negotiate & execute purchase.
- Vendor Management: Coordinate inspectors, appraisers, lenders, contractors, etc.
- Execution: Orchestrate all elements of a purchase agreement to protect client’s interests.
6 key factors that effect a home’s value
Home Leverage Profile reflects property characteristics, the seller’s timing & motivation, and the market. Use HomeToHome’s MarketPrice and RateThisHome to maximize Home Leverage.
- Home condition : Size, location, age, structural integrity, upgrades, staging, curb appeal
- Market Conditions : Comparables: active, pending, recently sold. Local economy
- Marketing : Price strategy, media creation, target buyer type, advertising campaigns
- Market Timing/Buyer Pool : Maximize demand of qualified buyers
- Seller Position : Timing, motivation, & equity position
- Title condition : Clean, encumbered, restrictions, CC&R’s, liens, etc.
Your value profile: 6 key factors that effect your home’s price
The 6 factors of Buyer or Seller “readiness” qualifies the client’s option to act decisively and favorably. A strong buyer is more attractive to a seller. They’re more likely to close the sale on the home. Similarly, a strong seller is already prepared and aligned with the market. Use your Lender’s Finance Plan and Profile, LoanSense and CashToClose tools to sharpen your negotiating position.
- Representing Agent: Expertise, competence and integrity
- Home: Expectations, location, condition, and list price
- Finances: Loan(s), cash position, equity, tax considerations
- Motivation: Readiness and desire to execute
- Execution: Client’s ability to cooperate with trust and honesty
- Credit: Client’s understanding of significance, qualification process, and true cost of credit
Home’s Price Profile: 4 key factors that determine a home’s value
After you have optimized your Home’s Leverage Profile, your Agent influences the Home’s Price Profile in your favor. The Home’s Price Profile is determined during negotiation between the Buyer & Seller. The Price Profile is described by these 4 factors:
- The List Price is the advertised price of a home. It should not be confused with a Market Price or Sold Price.
- The Home’s Market Price is the expected sales price of what a ready, willing and able buyer will pay.
- The Home’s Appraised Value, conducted by an independent professional on the Lender’s behalf, may affect the buyer’s ability to purchase.
- The Home’s Sold Price is the Negotiated Price.
Use HomeToHome’s HomeScene tool to generate different Term Sheet scenarios when negotiating for your most favorable Sold Price.
How to use your Market Price Tool
1. Rate homes with your Market Price form
Compare up to 30 scenarios
2. Market Price graphs “For Sale” & “Sold” Price Ranges
