If you’re thinking about putting your home on the market, one of the first things you’ll need to consider is how much you can get from it, particularly if the housing market is struggling in your area.
The best information on pricing will come from your Realtor although there are other resources available too.
If you’ve decided to list your home with a Realtor, he or she should be familiar with housing sales in your area. Realtors need quick access to the sale prices of similar houses in your area so you can get an approximate figure. You need to get the price that you think is reasonable so if the Realtor you are using cannot provide something within your limits then you may consider finding someone who can.
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.
If a similar home has sold in your neighborhood you can get an estimated idea of your house’s worth. 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. The easiest way to be friends with the owner and talk to them. Another way is to talk to the Realtor who sold it or go looking through old newspapers. If none of those efforts are successful, sales prices are generally public record and can be researched where deeds are recorded in your locality.
Real estate ads may have similar homes to yours for sale and that is another way of getting price estimates. 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. Comparing the value of your house to another in your area can be done by the tax listing of your local area online. 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.
Just price high if in doubt. 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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