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 (www.AppraisalInstitute.org)
or ask a local REALTORÒ
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.
Click Here for Other
Tips for Sellers
|
