|
| Set a Price |
| Your home's value is ultimately what a buyer
is willing to pay at any given time. Your final list price may
depend on many factors: If you want to sell quickly or you are
in a buyer's market, you may decide to set your price lower
than market value. On the other hand, if you're in a seller's
market where multiple offers are common, you may want to set
your price higher than market value. |
| To arrive at a price: |
|
 |
Ask an agent.
If you plan to work with a listing agent, interview several
before you choose one. A good agent will give you an honest
assessment of your home's value. When deciding which agent
and sales plan to go with, consider the current market and
your home's salable assets as well. |
 |
Know how to read a comparative
market analysis.
A comparative market analysis should take into account repairs,
improvements, and annual costs (such as property taxes) of your
home, in addition to its size, features, and amenities. Expect
to get an analysis of recently sold, comparable homes in the
neighborhood, and a list of comparable homes currently for sale. |
 |
Get an appraisal.
If you want confirmation of the list price you have in mind,
get a pre-sale appraisal. Appraisers use comparable sales in
addition to other information to make their determinations. |
|
|