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 your REALTOR® 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 more than 3 percent over the correct
price take longer to sell.
Know what you’ll take. It’s critical to know what price you’ll accept before
beginning a negotiation with a buyer.
For your convenience, fill out the form below to contact Bill with your real estate wants and needs.
(Fields marked with * are required.)
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