• 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?  Be wary of websites that offer information on comparable sales.  As most Realtors will tell you, these have been found to be highly unreliable.   Realtors have access to the latest sales as recorded in the MLS.  They can show you homes similar to your home that have sold recently.  This is your best resource for determining what the current market conditions are. 

  • Consider competition. How many other houses are for sale in your area? Are you competing against new homes?  If so, these may affect your ability to sell.  You may need to price your home more agressively.  
  • 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. Contact us to locate an appraiser that will give you an unbiased opinion about what your home’s estimated value is.
  • 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.  The lender will rely on the opinion of a third party appraisal.
  • 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. 

If you are considering listing your home, get a free Market Analysis to determine the estimated value of your home.  This will help you to know exactly where you stand.  The Frisco Home Center has trained professionals available to assist you.  Call today 972.731.5999.

Posted by Sammy Gardner on


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