Posts Tagged ‘selling your house’
The first thing you must consider before putting your house on the market is how healthy the market actually is and how much could you realistically get for it.
Your Realtor can give you the best information on pricing, but there are a number of other options out there as well.
If you’ve decided to list your home with a Realtor, he or she should be familiar with housing sales in your area. They should be aware of what homes similar to yours are selling for, and if they don’t have that information at their fingertips the first time you meet they should be able to get it quickly. If the Realtor you’re considering for your listing can’t assist you in setting a reasonable and negotiable price – one that doesn’t price you out of a potential buyer’s market, but still leaves you room to bargain – then you might consider talking to another professional instead.
Going at it alone is what some people do because they do not want to pay Realtors but this requires much more research in order to set the best price.
The easiest way to set a price would be if a similar home has sold in your neighborhood. Many neighborhoods built by developers are filled with homes that are, with a few cosmetic exceptions, the same. If a property has sold there are a few ways of finding out. Talking with the new or old owner, if you are friends, can be the easiest way. Finding old advertisements to see what the house listed for, or contacting their Realtor for that information, can also give you a starting place for pricing your home. House sales are public record so go to where the information is stored and research it if none of the other options work.
Finding similar homes to yours in real estate ads and seeing the prices is another way. It is great for an estimate but does not give you a professional comparison between your house and the exact street and neighborhood where your house sits.
In those cases you may be able to look up property values for the homes and see how they compare. Many localities now list tax values on line, giving you an easy tool to compare your home with another that you think is similar. Higher market values go hand in hand with higher tax values so you can see which houses are more valuable by this. Some localities also include such information as a property listing card which will include size, porches, outbuildings, type of heat, type of siding, when constructed, and other information that can assist you in evaluating how your home compares.
If unsure, put the price up. Negotiating down is easy but asking for a higher price is impossible sometimes you must take the house off the market, wait a little, then put it back up.
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