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Kiplinger
Kiplinger
Business
Donna LeValley

How to Set the Price to Sell Your Home

Real Estate Agent with home for sale. She places a sold sign in yard. Home in background in spring or summer season.

If you're planning to sell your home this summer, there's a lot to consider. From cleaning and repairs to hosting open houses and preparing for your move. But before any of that, you'll need to focus on one of the most important steps: setting the right price.

To set the right price on a home, you should combine an objective evaluation of your property with a realistic assessment of market conditions. In good markets and bad, you are more likely to benefit by determining the fair market value (FMV) and sticking close to it than if you set an unrealistic price and wait for a negative buyer response to reevaluate.

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