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Pricing Your House RIGHT!
Obtaining A Property Profile
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Looking At Comparable Sales
Your house will not sell if it is not priced right for today's current real estate market.
And, you will lose money if you set the price too low.
Arriving at the fair market price value for your house is imperative to making a good sale. If you are not working with a Realtor, you can get information in order to price your home right. A good Realtor, however, is an expert in property values. Arriving at a realistic price for your house is a lot easier with a Realtor's professional help. They know the neighborhoods and the comparable sales information because they regularly preview all the homes for sale, as well as, those that have sold in your area.
First of all, visit the open houses in your neighborhood and collect the listing flyers of the homes for sale. Compare them to your home - square footage, room count, bathrooms, lot size, etc. This will help you obtain a rough idea of pricing.
Next, contact your selected title company for a property profile. This will give you all the necessary information about your home and the specific features and numbers you will need to compare to others. Included in the property profile will be other "comps" (comparable sales) in the neighborhood that you can use to compare your home to.
Once you have studied the property profile and comps, you must decide, based upon your home's condition, what price to ask. This can be difficult and not everyone will be able to do this effectively. Should you have a problem, you may wish to consult a Realtor in your area. If you do not want to list your home with the Realtor, you may want to provide him or her the names of the people that attend your open houses in return for some "off the record" advice.
If all else fails, you may want to list your home with a Realtor. The choice is yours, but consider the possibility if you do not feel comfortable on your own.
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