Today is a difficult time to sell your house. Your real estate agent doesn’t show your house and doesn’t see a deal in the near future. There are many reasons homes don’t sell fast, but the main reason homes stay on the market is price. Without a doubt, the number one reason people can’t sell their house fast is because the price is too high. Let’s examine what your home is worth for the market you’re in, so your home is the first to sell in your town.
To price your home for sale, you need to know its true market value. Everyone claims that their house is worth more than it really is. The truth is that your house is worth what someone pays you for it. Knowing this, it’s important to find out what people are paying for homes that are comparable to yours. There are several methods to get good home values and the list is as follows:
- There are several websites that offer free home appraisals, and most use public records to determine the value of your home. Basically, the websites use local home sales to give you an idea of what your home is worth.
- Hire a professional appraiser and you will get the true value of your home. The price of a professional appraisal is around four hundred dollars in most cities.
- Ask an experienced real estate agent to find comparables for your home. This is an art and you need someone experienced to do it.
The fact is, you can’t sell your house if it’s not priced right. Make sure you get a good estimate of your home’s value, and then price your home for a little less.
