How can I sell my home for what its worth in this economy?

Asked by Rmacool, Cape May Court House, NJ Wed May 2, 2012

Hornell,NY 14843

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Wendy Winnett, Agent, Corning, NY
Mon Jun 25, 2012
Looking at the other answers I think I can clarify at least one thing: in our area of the Finger Lakes we have maintained a very balanced market, as it is neither truly a buyer's market nor a seller's market. Have a qualified agent in your market do a market analysis for you and you will get a strong indicator as to the asking price for your property.
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Allison Fish…, Agent, Ann Arbor, MI
Thu May 3, 2012
Just remember that something is only worth what someone is willing to pay for it. Hire a great Realtor with a solid reputation of working with people and getting their homes sold. Successful Realtor's have multiple listings and many sold homes because they know how to price homes correctly in the first place and they know how to market properties.
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Martina Ryan, Agent, Bayside, NY
Thu May 3, 2012
Hire a good Real Estate Agent and have him/her market it at the right price.
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Anna M Brocco, Agent, Williston Park, NY
Wed May 2, 2012
Keep in mind that current and local market conditions determine price; in addition a home is worth what someone is willing to pay for it; it doesn’t matter what the seller needs or potential buyers can afford to spend; again market conditions do matter as does the immediacy for a transaction to take place. In setting a price, it is in the seller’s best interest to focus on the current market conditions....
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Alan May, Agent, Evanston, IL
Wed May 2, 2012
In most markets, most economies, you will sell your home for it's current market value. In fact it's difficult to do otherwise.

If you price it too low, chances are that there will be a feeding frenzy over it, and it will bubble-up to the current market value. If you price it too high, you'll languish on the market until you bring it within target range of the market price.

The issue becomes whether or not you can accept that what the current market value is, or if you're holding on to the thought that your home is worth more.
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Jacques Ambr…, Agent, Forest Hills, NY
Wed May 2, 2012
Your home's value is based on what the market is willing to pay, not the value that you place on it. Unfortunatley for you the market went down and so did the value of your property. Talk to a local agent to have a comparative market analyses and this way you will have a better understanding of what your home is currently valued at. If you are not satisfied with this, then consider renting until the market gets better.
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