http://www.trulia.com/voices/Home_Selling/We_are_wanting_to_sell_our_home_but_there_have_bee-142449brought down the selling price per sq. ft. When trying to figure out a good listing price, should we consider the sales price on the foreclosures or the asking prices on the asking prices currently listed in the area?en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Dallas_North_Estates_Plano_TX-72893/http://www.trulia.com/voices/profile/Real_Estate_Pro-Dallas_North_Estates_Plano_TX-72893/We have found that appraisers are looking at 3 month data instead of 6 month data as they have in the past. An appraiser told me that If a neighborhood has 1 or 2 foreclosures, they usually don't include those, but if it has several that usually means the neighborhod, as a whole, is distressed and they will include them. Are you closer to Coit or Preston? If you are currently working with a Realtor, they will be able to pull comps and tell you the make-up of the neighborhood. Also, foreclosure or not, it's still important to pay attention to what your home has to offer vs. the competition. More upgrades, better condition, floorplan, location, etc...Homes priced right and staged do sell faster and at a higher price. Best of luck to you! MarciaFri, 03 Jul 2009 07:21:46 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Venice_FL-133970/http://www.trulia.com/voices/profile/Real_Estate_Pro-Venice_FL-133970/Cantug, Many buyers and sellers are overlooking a major piece when it comes to making offers and pricing homes. Banks will not finance a property unless the property appraises for the sale price. With this said buyers and sellers alike should be paying close attention to these numbers. A licensed appraiser or real estate professional can provide you with the information necessary to price your home competitively in your current RE market. Unfortunately, the services of an appraiser will cost in the range of $300-$400 while those of a RE agent are normally free. They will both draw from essentially the same information when creating their evaluation. Good luckFri, 03 Jul 2009 05:04:37 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-30310-259160/http://www.trulia.com/voices/profile/Real_Estate_Pro-30310-259160/Greetings, I agree with Wendy. What have houses SOLD for within a 1 mile radius of your home in the last 6 months. If you truly want to sell your home and not just list it, those are the numbers of interest to you. Sales Prices...Not List Prices. Foreclosures are driving markets in some areas to the point where the banks are no longer forcing us to locate non-Foreclosure sales. If those statistics are mandating foreclosure list prices then they should also have some relavence to you. When you identify the SALES PRICES...find out how long it took for the property to get sold (market time) and what were the original list prices. In the end you will be able to ascertain how much you should list it for to get it gone in 30, 60, 90, or 120+ days. If you TRULY want to get out of your home, you will evaluate market activity in your area in the previous 90 days vs. 6 months. Your realtor can provide you with the data but in the end the asking price is your decision. To reiterate...the only prices that mean anything are SALES PRICES....not asking prices. Good Luck,Fri, 03 Jul 2009 01:07:52 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-California-800083/http://www.trulia.com/voices/profile/Real_Estate_Pro-California-800083/Make sure to have the home professionally staged, too, because professionally staged homes sell more quickly and for more money than non-staged homes. You can hire a company to help you stage it online, such as mine, or hire a local stager to come in either for a consultation or a full blown staging. Best wishes and please keep us posted.Fri, 03 Jul 2009 00:38:39 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Beverly_Hills_CA-101290/http://www.trulia.com/voices/profile/Real_Estate_Pro-Beverly_Hills_CA-101290/You need to consider both. Asking prices are just that "asking." The sales price on a foreclosure is naturally going to be lower. There is a lot of time and energy that go in to purchasing a home that has been foreclosed on. Your home will meet many buyers requirements who want to have more security in what they are purchasing. Your home can close sooner and the questions a buyer wants answered can be answered by someone who actually lived in the home rather than not being answered because no one from the bank lived on the property. I would encourage you to look at all properties on the market, active, pending and sold. Good luck!Thu, 02 Jul 2009 21:14:29 -0700