What is the single biggest reason
fsbo homes fail to sell ? Setting a price far above what
similar homes are selling for in the same neighborhood.
The value of your 4 bedroom house is tied
to the selling price of other 4 bedroom homes in your
neighborhood. This is true no matter how much you invested in
your garden or in kitchen cabinets.
The trick is to balance the cash
you want with the actual value of the property.
Estimate your
home's true market value. Find the selling price of similar
homes in your neighborhood. Internet databases and other
services make this task easier than it might seem.
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topic...
Consider closing fees, other
selling costs, and the amount of cash you want after the
sale. Do NOT start with the amount of
cash you need and work backwards to a price. Set your price
based on how your home compares to similar size homes in the
same neighborhood, then visit this page for help on
estimating how much cash you will have after the sale. Look
at financial terms that support a higher price for your
home. A Buyer might be willing to pay more for your house if
he or she can assume your current mortgage, or if you are
prepared to provide Seller financing.
Don't forget:
Home prices are higher in Spring & Summer. Except in
Florida, Hawaii, and a few other sunny spots, most Buyers
look for homes in the Spring and Summer, making it harder to
get high prices in Winter when few Buyers are looking for
homes.
When in
doubt hire a real estate appraiser to put a value on
your home. Find a local appraiser on the
Appraisal Network .