David Stewart- Realtor : Louisiana: Metairie

Tips For Pricing Your Home

Tips for Pricing Your Home

  • Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?
  • Consider competition. How many other houses are for sale in your area? Are you competing against new homes?
  • Consider your contingencies. Do you have special concerns that would affect the price you'll receive? For example, do you want to be able to move in four months?
  • Get an appraisal. For a few hundred dollars, a qualified appraiser can give you an estimate of your home's value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute or ask your REALTOR® for some recommendations.
  • Ask a lender. Since most buyers will need a mortgage, it's important that a home's sale price be in line with a lender's estimate of its value.
  • Be accurate. Studies show that homes priced more than 3 percent over the correct price take longer to sell.
  • Know what you'll take. It's critical to know what price you'll accept before beginning a negotiation with a buyer.

This has been Reprinted from REALTOR® magazine (REALTOR.org/realtormag http://www.realtor.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.

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David Stewart- Realtor


David Stewart- Realtor
ABEK Real Estate

820 Oak Harbor Blvd
Slidell, LA 70458
Cell:(985)710-1728
Office 985-646-2111
Licensed in LA
dstewart.realestate@gmail.com
www.realestatepub.com

Comment balloon 2 commentsDavid Stewart • August 25 2010 01:22PM
Tips For Pricing Your Home
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Tips for Pricing Your Home Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities? Consider competition. How many other houses are… more