Setting a Fair Listing Price
Naturally, you want to get the best price for your home. But setting the price too high may mean your property is on the market for a long time, and you may be forced to reduce the price later - things that often make buyers think twice. Here are some things to consider when pricing your home.
If you need
help to determine a fair selling price for your home, ask the advice
of a real estate agent or professional real estate appraiser. In
general, realtors provide an appraisal at no charge (e.g., often
called a "market analysis"). You can ask realtors from two or three
different agencies to prepare market analyses so that you can get a
broader picture of the market. If a realtor does an appraisal for
you, ask to see the listings of at least three neighborhood
properties comparable to your own that have sold in the past six
months. If you hire a professional real estate appraiser to help
price your home, ask the appraiser in advance to tell you what
you'll be charged, and ask for a detailed explanation of the
information that will be used to establish a price.