Thursday, November 26, 2009

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.

If you are starting your search to buy now or in the future, why not search like a realtor. Sign up for listing book, a free service I provide with no strings attached. Here is the link: http://a107021.listingbook.com.

If you would like information on Buying, Selling, For Sale By Owners, 1st Time Buying, click on the appropriate link on my website www.cribbinrealty.com .

Want to check out some Foreclosures or FSBO’s? Visit my website: www.cribbinrealty.com

What did the house down the street sell for? Want to know call me or visit my website at www.cribbinrealty.com

If you would like to know what your homes current value is check out Market Snapshot on my website http://www.cribbinrealty.com/market-snapshot-2.html or just call me at 636-294-6061.

.For any of your Real Estate Questions or Needs call Me at 636-294-6061 or Mike@cribbinrealty.com Remember “Cribbin Realty” Where Performance Outsells Promises.

Mike Cribbin

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