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Tips for Pricing Your Home
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Tips for Pricing Your Home
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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? You are welcome to fill out my mailform if you would like a free home market evaluation. 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 you'll 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 home's value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute (www.appraisalinstitute.org) or ask your REALTOR® for some recommendations. Ask a lender.Since most buyers will need a mortgage, it's important that a home's sale price be in line with a lender's 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 you'll take.It's critical to know what price you'll accept before beginning a negotiation with a buyer. Advice for selling your home: Return to For Sale by Owner For the next best thing to hiring a REALTOR™, I recommend FSBO.com:
Copyright © 2005,
James E. Bohne, Jr., All Rights Reserved |
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Tips for Pricing Your Home
