Tips For Pricing Your Home
Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?
Consider competition. How many other houses are for sale in your area? Are you competing against new homes?
Consider your contingencies. Do you have special concerns that would affect the price youíll receive? For example, do you want to be able to move in four months?
Get an appraisal. For a few hundred dollars, a qualified appraiser can give you an estimate of your homeís value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute or ask your REALTORģ for some recommendations.
Ask a lender. Since most buyers will need a mortgage, itís important that a homeís sale price be in line with a lenderís estimate of its value.
Be accurate. Studies show that homes priced more than 3 percent over the correct price take longer to sell.
Know what youíll take. Itís critical to know what price youíll accept before beginning a negotiation with a buyer.
courtesy of: realtor.org
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