Sources of recent selling prices:
- The Comparable Market
Analysis (CMA) you received in interviews with neighborhood real
estate agents.
See a sample CMA
-
HomePrice.Net
The people at HomePrice provide a comprehensive, CMA type price
analysis, plus a report on school quality and other neighborhood
information that can help sell your house.
- Find recent
neighborhood prices on the Internet.
Domania.com provide
sales prices for recently sold homes in your neighborhood or on your
street.
New York Residents:
NewYork-Data.com provides a free database of recently sold homes
organized by zip codes.
-
House Value.com will
forward your information to a local real estate agent who will
provide a price analysis (and ask you to let him sell your house).
Steps to setting price (when you have a list of
recently sold homes)
- Check off the homes
most similar to your own in terms of size and number of rooms.
- Walk by and view the
selected homes. Decide if the lots are bigger or smaller than your
own. Is the general condition better or poorer than your house ?
- Set you asking price
higher or lower than the selected homes based on your observations.
Other sources of Pricing help:
- Home appraisal: - For
a fee ($250 - $350 in the Atlanta area), you can hire a real estate
appraiser to put a value on your home, based on its condition, plus
past sales of comparable homes. This appraisal can be used to help
justify your price when negotiating with buyers.
The
Appraisal Network will help you find a local
real estate appraiser. (If that fails you can find appraisers in
your local phone book.)
- Engineer's Inspection:
If you suspect problems with the roof or other major components such
as the plumbing or heating system, you can hire a professional home
inspector (for $200 - $300) to assess the condition of your home.
The engineer's written report will arm you against similar reports
prepared by inspectors hired by prospective buyer's.
Making repairs: You can avoid repair
costs by selling your home "as is," but an "as is" property will
sell for less than top dollar and may take longer to sell. We
suggest making the repairs and putting the cost into the selling
price.
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