Tips for Pricing Your Home

Consider Comparable Homes

Consider Comparable Homes

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

Consider Competition

How many other houses are for sale in your area? Are you competing against new homes?

Consider Your Contingencies

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 a specific timeframe? Or do you need a faster sale? Perhaps you need to stay in your home a little longer while you locate a new home. These are all important aspects to consider.

Get An Appraisal

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

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

Be Accurate

Studies show that homes priced more than 3 percent over the correct price take longer to sell.

Know What You’ll Take

Know What You’ll Take

It’s critical to know what price you’ll accept before beginning a negotiation with a buyer. Obtaining a net sheet of seller proceeds will help you determine your range of acceptable sales prices.

 

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