Home Values in Frisco: How to Maximize Your Profit

How to get a home value estimate

If you’re curious to know the value of your Frisco home — whether you’re setting an appropriate list price or calculating your potential net proceeds — there are several tool ranging from DIY to professional that are available to assist you.

Use an online home value estimator

To get a general ballpark estimate for your home, the quickest and simplest way is to use an online home value estimator, like HomeLight’s. These easy-to-access tools typically rely on a mix of data sources, including county auditor and tax assessor records, user-submitted information, and recent MLS listings or sales. While these tools are not always the most reliable, HomeLight’s estimator stands out by asking several personalized questions about your home to provide a more tailored estimate. Within a few minutes, you’ll receive a preliminary figure to serve as a helpful starting point in your home-selling journey.

Request a comparative market analysis

While an online home value estimator is a great place to start, there is another method to get a more definitive estimate. Requesting a comparative market analysis (CMA) from a local real estate agent can provide a more accurate value for your Frisco home.

A CMA works by comparing your home with similar properties that have recently sold in your area, taking into account various factors such as the number of bedrooms and bathrooms, overall square footage, location, condition, and any recent upgrades. This in-depth analysis can help ensure that you don’t over- or under-price your home according to its fair market value.

Typically, a CMA report includes charts, graphs, photos, and other details to give you a comprehensive overview of your home’s worth. Many agents will prepare a CMA for free, though some may charge a small fee. If you choose to list your home with a specific agent, the CMA is usually included as part of their service.

Get a pre-listing appraisal

In most cases, a comparative market analysis from a top agent will give you a solid idea of your home’s worth. However, there are times when you might need a pre-listing appraisal for an even more precise home valuation. This might be necessary if your home has unique features that aren’t easily compared with others, is in a rural area with few recent sales, or sits on a large parcel of land. A professional appraisal in these cases can help you set an accurate asking price that reflects your property’s true value.

Keep in mind that a home appraisal, whether pre-listing or otherwise, is not inexpensive. They typically cost between $450 and $550, though if the property is complex (think a horse form or luxury home with custom amenities), the cost could go higher. Additionally, if your buyer is financing their purchase, their lender will still require a separate appraisal to determine the loan amount they’re willing to provide.

How to increase the value of your Frisco home

If you’re hoping to maximize your Frisco home’s value before selling, consider following these six strategic updates that can significantly boost your sale price:

Curb appeal: Start by fixing up your home’s appearance. According to a recent study by the National Association of Realtors, 92% of realtors recommend improving your home’s curb appeal before listing — after all, it is the first thing potential buyers will see. Simple, low-budget upgrades such as adding fresh mulch and flowers, painting the front door, power-washing the exterior, and installing outdoor lighting can increase your home’s marketability and value.

Strategic updates: Prioritize value-adding home improvements that offer a high return on investment. For example, Zonda’s 2024 Cost vs. Value Report reveals that replacing a garage door is one of the most strategic home improvements, as it can recoup an impressive 194% of the costs. Other wise investments include refinishing floors, repainting the interior walls, and replacing hardware, faucets, or lighting, especially in high-impact areas like kitchens and bathrooms.

Necessary fixes: In order to maximize your home’s sale price, it’s critical to ensure that all major systems are in good working condition. This includes your roof, foundation, HVAC, electric, or safety systems, as problems with these important features can negatively affect your sale price (or jeopardize the deal itself) if revealed during the home inspection. Still, consult your real estate agent before taking on any expensive repairs that might not yield a great return on investment.

Decluttering and depersonalizing: Decluttering and depersonalizing your home are helpful steps to let buyers more easily envision themselves in the space. In fact, one HomeLight survey found that decluttering can add $8,000 or more to your home’s sale price. Remove excess furniture and belongings from living spaces to make them feel less cramped and more inviting, and depersonalize by taking down any family photos, religious symbols, collectibles, or memorabilia.

Deep cleaning: A thorough deep cleaning can not only enhance your home’s appeal, but also boost its price significantly. A survey of over 1,000 top agents by HomeLight found that deep cleaning can increase a home’s value by an average of $3,700. Focus on steam-cleaning carpets, scrubbing grout, and washing windows to brighten your home’s appearance. Also, pay special attention to neglected ceiling fans, baseboards, or range hoods that could be harboring years of dust and grime.

Home staging: Now that your home is a blank canvas, effective staging can help highlight its best attributes and create a welcoming environment for buyers. 31% of agents polled in HomeLight’s most recent survey reported that staging is “essential” to sell homes in the current market, while another 67% consider it beneficial. Our data also shows that a professionally-staged home can sell for up to 13% more than an unstaged one, making it a worthwhile investment of time and money.

Unlock Your Equity and Buy Before You Sell

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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How to buy before you sell in Frisco

If you’ve been exploring home values in Frisco because you are considering buying your next home, HomeLight’s Buy Before You Sell (BBYS) program could be the perfect solution for you.

BBYS allows you to unlock a portion of your current home’s equity, enabling you to make a competitive, non-contingent offer on your new property. If your home qualifies, you can access this equity in as little as 24 hours without any upfront fees or obligations. This allows you to buy your new home first and then sell your old home while it’s vacant, avoiding the hassle of multiple moves or living in a staged home.

HomeLight charges a flat fee of 2.4% of your current home’s final sale price. If this home doesn’t sell within 90 days after you close on your new property, HomeLight will purchase the home and continue working to sell it. Any profits from the sale, after deducting HomeLight costs, will be returned back to you.

See the video below for more information about HomeLight’s Buy Before You Sell program:

How to find a top agent in Frisco

Choosing a real estate agent with a proven track record is one of the most critical steps in maximizing your home’s selling price. HomeLight’s agent matching service makes it easy to connect with top agents in Frisco who have the experience and skills to fetch you the best results for your sale. The service is completely free and takes under two minutes to match you with up to three top agents in your Frisco neighborhood. Since HomeLight does not accept agent payments to be featured, you can feel confident that your matches are selected based on their talents, past sales, and local market expertise.

When evaluating potential agents, one key factor to consider is the sale-to-list ratio. This ratio measures the final sale price of a home compared to its original listing price, expressed as a percentage. This means that an agent with a high sale-to-list ratio knows how to consistently price their listings according to true market value and negotiates well, helping sellers achieve top dollar for their properties.

It’s also recommended to interview at least three real estate agents before making a decision. During these interviews, consider asking questions like:

By using HomeLight’s agent match tool and asking the right interview questions, you’ll be well-equipped to find a top-performing real estate agent in Frisco who will expertly guide your home sale.

Get a free preliminary home estimate today

Understanding your Frisco home’s value is key, whether you’re planning to sell soon or are simply considering financial options like a home equity loan. With HomeLight’s free home value estimator, you can get a quick and reliable figure for your home’s worth in just a few minutes, providing you with a helpful starting point.

HomeLight can also connect you with top Frisco agents who specialize in selling homes in your neighborhood, or, if you’re looking to purchase your next home, can help you buy a new property before you sell. By staying up to date on Frisco’s current market trends and leveraging these handy tools, you’ll be more than prepared to maximize your home’s value and get the most out of your sale.

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