FSBO TIPS ON HOW TO PRICE YOUR HOME

By
Real Estate Agent with Cottage and Loft Realty

 

 TIPS ON HOW TO PRICE YOUR HOME

 

 

 

 

 

  • 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 (http://www.appraisalinstitute.org/) or ask me 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 higher than 3 percent over the correct price take longer to sell.

 

  • Know what you'll accept. It's critical to know what price you'll accept before beginning a negotiation with a buyer.

 

I hope these tips were helpful to you. If you have any questions, feel free to give me a call! I would be more than happy to assist you in anyway I can!

 

EDITH WHARTON

804-247-5980

WANNASELL4YOU@AOL.COM

 

Comments (1)

Shawn Martin
Crosby Inspections - Vancouver, WA

I would also suggest having a pre-listing inspection done.  Just so you won't have any last minute surprises

 

Shawn Martin

May 12, 2007 04:40 PM