Real Estate

Appraising One’s House To Sell It For The Best Price Possible

The first thing you must consider before putting your house on the market is how healthy the market actually is and how much could you realistically get for it.

There are a number of resources you can look to for information about pricing your home, with the best one potentially being your Realtor.

If you do go with a Realtor be sure they work in your area and have knowledge of it. 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.

Private sales are also popular because people do not want to pay for Realtors and with lots of research and study on the market in your area it is very achievable.

A good judge of the price of your house would be to see if a similar house has sold in the same neighborhood. Where developers have built many houses lumped together they are essentially the same design with little changes. If a property has sold there are a few ways of finding out. Talking with the new or old owner, if you are friends, can be the easiest way. Finding old advertisements to see what the house listed for, or contacting their Realtor for that information, can also give you a starting place for pricing your home. If none of those efforts are successful, sales prices are generally public record and can be researched where deeds are recorded in your locality.

Another way is to look at real estate ads and find homes similar to yours to see their prices. It is great for an estimate but does not give you a professional comparison between your house and the exact street and neighborhood where your house sits.

In those cases you may be able to look up property values for the homes and see how they compare. Many localities now list tax values on line, giving you an easy tool to compare your home with another that you think is similar. They may not be prices but a higher tax value usually means a higher house value. Some localities also include such information as a property listing card which will include size, porches, outbuildings, type of heat, type of siding, when constructed, and other information that can assist you in evaluating how your home compares.

Just price high if in doubt. You can always negotiate down, but it’s almost impossible to raise your price without pulling it from the market for a while and starting over.

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