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Pricing your correctly is important to sell your home in a reasonable time and to make sure you do not price your home below the true market value. Before setting an asking price for your home, you should strongly consider obtaining factual market data to assist you. Several sources of information provide you with an opportunity to review and evaluate the facts before making a final decision on the asking price of your home. 1st Option Realty offers many options for arriving at the correct market price for your home. 1. Use the Internet to do Your Own Research Your own research! Make believe you are a buyer and visit Homestore.com, the main Realtor site that lists homes for sale. Select "Find a Home" and search for a home similar to yours. Find out how many homes are available for sale in your neighborhood and how those homes are priced. Picture how your home would compare to the other homes when it is listed with them on theInternet. No one knows your own neighborhood better than you! 2. Obtain a Detailed Automated
Valuation 4. Obtain an Appraisal Completed by a Licensed Real Estate Appraiser An appraiser can complete a full Uniform Residential Appraisal Report, which includes an interior and exterior inspection of your home. This is the most comprehensive appraisal available. This report is highly recommended if you have substantially remodeled your home since purchasing it since the automated valuation services will not pick up on these improvements in estimating the value of your home. The cost for this report ranges from $150 to $500 depending on the property type andestimated value and location. Finally, if after completing
the steps above you are still not sure how to price your home,
you can contact a Realtor to review the data and suggest an asking
price. Most Realtors offer complimentary market analyses. |