Price It Right, finding the right home selling prices and checking property values | buy | sell | real estate | fsbo

Every real estate expert on the planet will tell you, "Price it Right" and it will sell. This isn't rocket science here, this is common sense. But the problem is, most people don't realize it.

Let's say you had a friend that bought a home 8 months ago for $105,000 and now they say it's time to make some money, so there going to sell it for $155,000.

"Unfortunately it doesn't work like that.

The value of your home isn't based on the fact that you want to make some money.

Your property value is based on homes, similiar to yours, that have sold recently in your area. That's it! Check the home selling prices in your neighborhood.

There are several things to be aware of when pricing your home. If you price it too high, your home is going to sit on the market and you are going to give the impression to buyers that you are unrealistic and hard to deal with. If you price it too low then you run the chance of selling yourself short and loosing money.

So how do you know if it's the right price? The best thing you can do is to hire the services of a professional appraiser. This can cost you anywhere from $300. to $500. depending on where you live, but it's money well spent. It also helps when it's time to negotiate. You have documentation stating why your property is worth so much money. If you can't afford an appraiser, call your local Realtor and ask them for a market analysis. Most realtors know the market pretty well and can be quite accurate, but some don't, so have two or three done and compare. You can also go to your county court house and pull tax records of homes in your area that have sold recently. This is essentially the equivalent to a market analysis. But by far the quickest and best way to have an accurate market analysis of the value of your home & more is to get an instant appraisal which can be done instantly online. Learn more

You probably have a feel for the value of your home. When setting your selling price you

have to consider how much money you want to net after closing the transaction.

You must first consider what cost's will affect your price like your closing fees, which may include the buyer's mortgage cost's- (required in some states), other cost's are attorney fees,

title search and recording fees, and Realtor fees if you are going to use a Agent.

Don't forget your also going to need to advertise and market your property so that fee,

you may also what to consider.

It is important that your price be accurate. Buyers typically know the market better than most sellers because by the time they buy a home, they have already looked at so many homes and have a good idea of what the market value really is. So do your homework and get your price right, the first time.