How Much Is Your House Worth?

How much is your house worth? This is a huge question when listing houses these days.

Pricing is all over the place in Central Kentucky. It is a seller's market so they say. Sellers that overprice, are seeing their homes linger on the market from lack of interest. If they do get an offer, it will probably be contingent upon appraisal at purchase price. That really is an eye opener once all the sold comps are reviewed for the appraisal. Then the buyer and seller must agree on the new price or drop the deal. A bank will only loan on what the appraisal is.

Your home price can't be what the price of your next house will be. Also, all the improvements that you have made are not all refundable by the new buyer. If you have made improvements I hope you have enjoyed them. That's what they are for. Not all updates are appreciated by a prospective buyer. Everyone has a different idea or plan. Have a REALTOR walk through your home before making updates and give ideas on where improvements should be made to help your listing price. 

I often think that we as REALTORS make this home selling business look easy. Not everyone can put all the puzzle pieces together to get to a successful closing. There are also a lot of people involved. It's taken me years of training and deals to be able to see all of the angles to make this all smooth sailing. If you want to make the most money on your home, hire a professional. You will sleep easy knowing someone has your back. Getting your home priced correctly from the beginning will be a good start.