Tips for Pricing Your Home

By
Real Estate Agent with SMITH REALTY GROUP
  • 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 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 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.

This has been Reprinted from REALTOR® magazine (REALTOR.org/realtormag http://www.realtor.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.

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Looking forward to working with you!
-Karin :)

  www.PropertyPromenade.com
Your Source for Slidell and New Orleans, La. Real Estate
PropertyPromenade.com is a courtesy of Karin Smith - Listing Agent / Selling Agent

Karin Smith - Broker
Licensed in Louisiana

Smith Realty Group
1290 Seventh Street, Suite 6
Slidell, La. 70458
USA

 

Cell: 985-707-7624
Office: 985-646-0025


Email:ksmith.realestate@gmail.com

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. David Stewart 09/01/2010 05:09 AM
  2. Mike Mayer 09/12/2010 08:54 PM
Topic:
ActiveRain Community
Location:
Louisiana St Tammany Parish Slidell
Tags:
listing agent
pricing your home
slidell
la real estate
karin smith

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Ask a lender???

I have lenders ask me about market value of homes regularly, but I've never thought that loan officers are a resource for that information.

 

Aug 08, 2010 11:13 AM #1
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