The person asking the question provided their full name along with city and town. So, Cathy probably did a public record search to determine the address, thus determining he is South of Lawrence and East of Austin. Also, the person referenced it was condo, allowing Cathy to narrow it down even more.
Melissa Mancini, Realtor, CBR, GRI
I did a quick look on the MLS and you're right, nothing in that immediate area (4 blks) South of Lawrence and East of Austin has done anything in the last 6 months. So, the next step is to broaden the area to Jeff Park and there are many units that have sold. The price one sets for the sale of their home is ultimately an educated guess with emphasis on educated. Looking at comparable properties that have sold recently gives you an idea of what a buyer might be willing to pay for a home similar to yours. The tendency is to overprice and find yourself chasing the market throughout the process. If you have a Realtor your are working with (s)he can help you pricing your unit properly. If you aren't working with a Realtor, I'd be happy help you out with a CMA on your condo.
Keller Williams Realty
One of the most accurate measures to come up with the â€œrightâ€ listing price is to have a mortgage appraiser do a true valuation of your property. This takes all emotion out of the equation from you as well as a prospective realtor. It is a stark objective view that the eventual buyerâ€™s mortgage lender will undertake so you might as well get it out of the way before you list the home. The expense of a few hundred dollars is easily offset by positioning the house to sell at its current market value. If you have a mortgage planner that you have used in the past or plan to use for your new purchase you may be able to save a little on the cost by using your mortgage plannerâ€™s appraiser. Since they are in the business of ordering these regularly they usually have a discounted price arrangement.
We find that sellers that follow this advice and put their property on the market roughly three percent over this appraised value are selling in 30 days or so; even in todayâ€™s market. Bottom line; price your home at a level that will create competition among buyers and watch it sell quickly.
If you're a different Dan Karlak, my apologies for suspecting you of shilling for a set-up answer.
By the way, how does the responder know you're south of Lawrence and east of Austin? You didn't supply that info in your question.
1. Expand search area to get more comp.'s
2. Pay for an Appraisal
I would be glad to recommend an expert Realtor to help you market your home and provide a free CMA (Comparative Market Analysis). Send me an e-mail with specifics and contact info.