How To Price Your Home Properly

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. Be sure to change Realtors if the current one will not entertain the price you have in mind for your property, you need to get the best possible results from your sale.

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.

A good judge of the price of your house would be to see if a similar house has sold in the same neighborhood. In places that developers have made multiple properties they usually look the same with little cosmetic differences. There are several ways to find out if a property has sold. The easiest way to be friends with the owner and talk to them. 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. This quickly gives you a ball park number to work with, although there may be some variations between neighborhoods and the advertisement may not have all the information you need to accurately compare your home.

You can look up property values and see how they compare to each other in most cases. Tax values are now listed to most localities online where comparing the value of your house to others in your area can be done. They may not be prices but a higher tax value usually means a higher house value. Other information is provided by some localities, things like heat, constructions dates, porches, side features and much more can help you get a better estimate of your house’s value.

If unsure, put the price up. It is easy to negotiate down the price, but negotiating for more money is always harder, the house may have to be put off the market then put back on again to achieve this.

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