Thursday, August 27, 2009

How to Determine the Price of Your Home


http://www.realtor.com/ has great tips for sellers as well as buyers. I found a great article on how to determine the price of your home. To break it down: Call a Realtor! We do CMAs (Comparative Market Analysis) for free, as part of a listing presentation. That will give you a good idea of the price that similar homes, in your area, have actually sold for in the past few months. Unlike just looking at what is on the market, looking at what homes have sold for gives you a better idea of how to price your home competitively. Unlike during the boom years, there is a difference in what is asked for a home, and what is actually paid for a home. http://www.realtor.com/ suggests that sellers do their own research as well, and go into your neighbors homes if they are for sale and have open houses. You will be able to see how your direct competition looks, and any improvements you can make to your home to make it more desirable.

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