How Do I Know What to Sell My House For?



Finding the Right Price to Sell Your Home


If you are a home owner and think it might be time to sell your property, you probably have more than a few reservations. Nearly everyone has heard horror stories about under water mortgages, foreclosures and other developments stemming from the real estate market’s recent woes. Fortunately, selling a home does not have to be a bad experience! Source: http://www.greaternwrealty.com

How can you be sure to get the right price for your home?  You might not like my answer: hard work! Long before you list your property, you should begin comparing your home to other properties in the neighborhood.

Having said that, it is very important to compare apples to apples. If you have a 2 bedroom bungalow that comes in a just under 1000 square feet, be careful not to compare your property to that two story home on the corner!  Their 3500 square foot home is in a class all its own!  Instead, focus on properties that are within a few hundred square feet of your own. Be sure to factor in age, condition and any other factors that might impact pricing. - See Lloyd McKenzie for Albuquerque Values

Where should you begin? There are a number of great websites on the Internet that can give you a basic idea of home values on comparable properties in your area. BUT, they are comparison values, not necessarily close representations of what your home will bring on today’s competitive market. Use reputable sites like Zillow, Trulia or Realtor.com and chart the price variables from one site to another. Keep track of the increases or decreases in value for at least a month and then progress to step two.

Once you have data you have monitored from sites like Zillow or Trulia, talk to your friends and neighbors to find a real estate agent they trust. You should meet with at least three professionals and ask them for a comparative market analysis or “CMA.”

A CMA is created by comparing the prices of recent propertysales. This is important, because home owners tend to see their property through rose colored glasses. A seasoned professional will look objectively at the market and give you an educated guess as to what price buyers will find attractive for your home.

Compare the values offered by your potential agents, consider how easily you worked with that person and using both your research and theirs; set a price that you believe is reasonable for your property. Your agent can offer you valuable advice about what changes you can affordably make to raise the sale price of your home. 

It can be a daunting experience to set a sale price, but with a wise investment of time and by seeking professional help you can often accurately predict the sale price of a property. The important thing is that you detach your emotional attachment to your home, do your homework and see professional advice. After everything is said and done, it is important to remember, that the market will drive the sale price in the end.

Sources for information are from the local and national real estate providers mentioned in this post. Thank you for their cooperation.

Comments

  1. This matter is downcast to earth, hats off buds out there.
    Vancouver realtor

    ReplyDelete
  2. It really is fantastic to achieve the possibility to read a high quality document along with beneficial info on subjects in which a lot want to buy it upon.sell my house fast austin

    ReplyDelete
  3. I read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam comments? If so how do you prevent it, any plugin or anything you can advise? I get so much lately it's driving me mad so any assistance is very much appreciated.sell my house

    ReplyDelete
  4. Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this an item of real property buildings or housing in general. Thanks.
    Regards,
    Glendale AZ homes for sale

    ReplyDelete
  5. If you are thinking of buying a new home, then the Internet is the best place to search. You can get the best homes for sale online through real estate locators.homes for sale mn

    ReplyDelete
  6. Investment in Real Estate is what we should think of to invest with. We have to manage everything specially the most needed things to ensure our success in this field. We have to gather the right information from a professional to keep our business well running.

    http://property-investments-australia.blogspot.com/2013/05/investment-in-real-estate.html

    ReplyDelete
  7. This is so interesting blog. You are best listing knowledge provide at this site. I am very excited read this nice article. You can visit my site.
    How to sell my homes

    ReplyDelete
  8. Never look back on what has done wrong and stay focused on the future of our Real Estate Investing Australia. That would be the best thing to do to make a better strategy for our future. We must hope for the best and that will help us gain the needs that we really needed for our business to ensure our lead to our competitors.

    http://property-investment-mackay.blogspot.com/2013/06/4-steps-to-making-money-with-real.html

    ReplyDelete
  9. This really good site where I can view information about Listing, Pricing and Selling Your Home. I appreciate your idea here. Definitely it has a good content.

    Sell My House AZ

    ReplyDelete
  10. You can either hire an appraiser to run a market analysis or you can do a research on your own. Either way, it is important that you price the house just right to attract potential buyers.

    If you want a quick and easy sale, contact Lucas Properties.

    Lucas Properties, We Buy

    ReplyDelete
  11. We have to be serious with how our business will work. Bring the best out of us by trying to learn few things that about Property Investment Brisbane. Know what are the exact things that we need to learn for us to focus on the strategy towards our business.

    http://property-investment-brisbane.blogspot.com/2013/06/real-estate-making-investment.html

    ReplyDelete
  12. Today, Real Estate Markets have the same volatility as the Share Markets have. With the rise and fall in the real estate prices, the value of your investments also goes up and down. So, being a smart investor it is necessary to know well you're Local Real Estate Market and remain updated. Thank you so much for this review! I found it very helpful. How to Sell Houses San Antonio

    ReplyDelete
  13. The basic functions of a real estate broker are to find buyers for houses for sale. The oakville real estate agents broker engage licensed real estate sales people to work under them and the broker takes a least percentage of money of all earned commissions.
    dancooper.com/

    ReplyDelete

Post a Comment

Popular Posts