4 Tips To Sell Your Home
With the housing market in most areas of the country in a slump, people who are looking to sell their homes need to find ways to distinguish their homes from the many other homes that are for sale in their neighborhood.
1. Determine the housing market in your area.
You must look at the housing market in your local area and find out the prices of houses that are built close to the same year as your house, as well as have the same amount of bedrooms, bathrooms, and similar square footage.
You should recent sales in your area to see the difference between the sales price and list price. This will give you an idea of the market. Another good resource is Trulia (www.trulia.com), which is a website that will provide recent home sales data, homes for sale, neighborhood information, and real estate trends.
If you are using a local real estate agent, they should already be familiar with the trends and prices in your area. If they aren’t, then find another agent!
If you are selling on your own, you must do your research by studying the home sales in your area and visiting open houses of comparable homes.
2. Know how much your house is worth.
The best way to know your home’s worth is to get a certified professional appraiser to appraise your home. You should also check your county’s real estate property website (most counties now have all their records online) to find property values of comparable properties. A good website to visit is NETR Online (http://www.netronline.com).
3. Setting the right price.
If you need to sell your house quickly, consider putting your house on the market at price based on monthly price drops in the area. For example, if you want to sell your home in 2 months and the home prices in you area drop about 1% each month, you should price your home 2% less than the original price you would have chosen. If you wanted to put your home on the market at $200,000, you should set the price at $196,000.
4. Do you really need to sell?
If you are putting your house on the market because you want a better looking house or a house with a porch, then you should rethink your reasons to sell. You can still place your house on the market and see how it goes. If you aren’t getting any offers or offers that interest you, you will lose nothing by taking it off the market.
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