My husband and I want to sell our house, and there have been two similar homes on or near our street which have sold really cheap (owners were

Loretta Jergens...
Both Buyer and Seller
Parkville, MD

elderly and died--family wanted a quick sale). The homes were in much need of work (no finished basement, outdated pipes, etc.), whereas our home has been renovated and remodeled, adding an additional full bath, new kitchen and finished basement. My question--would we be able to sell our home at $30K over the selling price of the other, outdated homes?

Answers (7)
Kate Barnhart
Agent
Baltimore, MD

You can't get it unless you try! Do research- Interview agents, look at tax records at neighborhood sales, ask an appraiser to appraise the house... Go for it! If your house is what a buyer wants, they will pay what they can afford. Good luck!

Thu Oct 29 2009, 09:06
Brenda Scarboro...
Agent
Baltimore County, MD

Hi Loretta, I am an agent with the Long and Foster White Marsh Office and would be happy to assist you in determining the right price to market your home. If you would like a neighborhood analysis or would like to schedule a listing appointment please e-mail me at Brenda.Scarborough@longandfoster.com . As Stephen has said there are variables that determine which homes in the area both sold and active on the market should be used as comparables. I would need to ask a few questions about your home to know which are appropriate. If you would like to know more about me before contacting me please check out my websit http://www.ivegotahouse4you.com

Tue Oct 20 2009, 17:10
Stephen Luckett
Agent
21222

What is your definition of similar? There are many variables that need considered to determine a marketable price. Beds, baths, 1/2 baths, garage, out buildings, lot size, upper scale upgrades, etc. I do a lot of business in 21234 and home prices vary considerably. If your area sells homes in the $300K range or more-$30K spread is nothing-if you are talking about a townhome in the $150K range it could be tougher.

I have two suggestions:
1) contact a few realtors that do business in that area-have them do a neighborhood market analysis-not just a CMA. That is why it is important to talk to realtors that do business in the area. They will have more input into what is truly happening in the market area. This service is free from most realtors and will give you a good idea-of course, then you will have also determined the right Realtor to help you get your home sold.
Be wary of of very high recommendations-if you have two realtors stating $180K-$200K and another says he could get $250K beware-you don't want to go with the highest only to have your house sit on the market for several months-with several price reductions-then you end up getting less than you would have if it were priced properly to begin with!

2) You could hire an appraiser as an earlier answer suggested. This will cost you about $400 or so but will give you a good home value for you to determine what path you need to take.

My best wishes and I would be happy to assist in any needs you have in selling your home.

Tue Oct 20 2009, 11:25
Scott M. Stulich
Agent
Maryland

I would be happy to do a CMA on your property for you. This is a current market analysis and will give you an opinionated value of your home. Please feel free to contact me at 443-992-3608.

Tue Oct 20 2009, 10:50
Zachary Hosford
Agent
Timonium, MD

Hi Loretta,

The best way for us to establish a listing price is for me to take a look at your home and compare it to the homes you have mentioned and what the market is doing in your specific area. This way you can make an educated decision without paying for an appraisal.

Please feel free to email me at zach@longandfoster.com or start at my website at http://www.ZacharyHosford.com

Sincerely,
Zach Hosford
443 935 6470

Tue Oct 20 2009, 10:50
Dan McDevitt
Agent
Baltimore County, MD

There are alot of things that need to be takeninto consideration and that is hard to do with such a brief description. If you would like please e mail me at dannymcdevitt@hotmail.com and I would be happy to run a Maximum Home Value Audit on your property to give you a better idea of where you stand.

Tue Oct 20 2009, 10:49
Dale Mitchell
Agent
Houston, TX
FIRST ANSWER

I think the best way to find that answer is to get a certified appraisal. Best of luck to you!

Tue Oct 20 2009, 10:34

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