How do you determine a fair price for your home?

Asked by 1002 Mapoles St Crestview FL, Crestview, FL Wed Jun 5, 2013

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Annette Law…, Agent, Palm Harbor, FL
Wed Jun 5, 2013
Evaluate the last house that is exactly like yours that sold in the past 3 weeks.
Evaluate how many homes that are exactly like yours that is currently available for sale.
How many buyers are their expressing interest in these homes?
Know who YOUR target buyer is.
Remove the most likely obstacles that would prevent them from buying.
You really, really need to know the process to address the obstacles.
Assess your ability to steal a buyer from the currently available homes.
Price accordingly.
There is much more to the successful sale of a house than the price.
Some have come to value the knowledge and experience of the professionals who do this many, many times a month.

Best of success to you
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
1 vote
Bill Eckler, Agent, Venice, FL
Wed Jun 5, 2013
Hi Don,

Are you working with a realtor? Arriving at a reasonable sale price is one of the many services provided by a real estate professional for their customers. Generally, a fair price is one that is arrived at by closely examining the recently sold similar property from the same location and evaluating its location and desirability.

Today there are basically two types of buyers, cash buyers and those that go through financing with a lender. For many, the avenue of arranging for financing is very appealing today because of the extremely low interest rates available. Individuals that go this route will be required by their lender to have an appraisal done to justify the sale price of the property. Lenders do not make loans on property that do not appraise for the sale price. So you can see the importance of establishing an "asking price" initially that will keep you within a close proximity to the true market value of your property.

With this said, it's very important that sellers and their agents price property accurately today....priced in accordance with the current local market trend.

Hope this is helpful.

1 vote
Ruth and Per…, Agent, Los Gatos, CA
Thu Nov 28, 2013
Call an Appraiser and have the property appraised or the best suggestion will
Be to call the many fine agents responding to your email, and getting a CMA.

You can also get a Zestimate or a value through Trulia.

But the right thing will be call an agent.

Good luck.

0 votes
Kristi Teague, Agent, Crestview, FL
Wed Nov 27, 2013
Comparative Market Analysis. Real estate agents are able to prepare one for you. Are you interested in listing your house? If so I would love the opportunity to meet you and explain this further with you!
0 votes
Dennis Evans, Agent, Clifton Park, NY
Wed Jun 5, 2013
You should contact a local Realtor, They will do all the work for you!
Not only will they look at the overall market conditions, Look at all active, Pending and Closed sales, around the area.. But do a complete walk thru ...
All you have to do is listen and then list your home at the correct price!
0 votes
Peter Mohyls…, Agent, Destin, FL
Wed Jun 5, 2013
You get a professional agent to perform a market analysis. I can do that for you this afternoon. It will be a rough estimate unless we can meet and get an opportunity to see inside the home.
Peter Mohylsky
Keller Williams
0 votes
Antonio Vega…, Agent, Saint Cloud, FL
Wed Jun 5, 2013
It is based on resent sales of similar properties. You should have at least 5 comparable hopefully within the same community within a 3 months laps. If not then you go outside the community within a half mile radius, and so on until you have them. Similar means equal number of rooms/bath, sqft, If going outside the community then features like gated security, HOA fees, and other criteria also affect.
Amount of similar homes currently listed for sale is also important in determining your sale strategy.

Not easy to accomplish for general public, but a free service offered by any local realtor you may contact. Read reviews on several agents before choosing one to work with. The correct agent is the one you feel comfortable with, not the flashiest or most advertised. Good luck. Was this answer helpful? If so please click on the "green thumbs up" or the "best answer".

Tony Vega
Antonelli Realty
0 votes
Brett Pasqua…, Agent, Destin, FL
Wed Jun 5, 2013
Keep in mind that we always feel like our homes are worth more than agents tells us. But remember, it what the market is willing to pay for the home at the time you decide to sell. You must look at the comps in your neighborhood. What have houses sold for in the last 6-12 months, what are they listed for today, how many are pending? Do those homes compare to yours (ex. 3 Bed 3 Ba )Do you owe on a mortgage? Also, would you consider your home to be up to date with granite counter tops, stainless steel appliances, tile flooring or new carpet? A good agent will help you determine this, and help you put together a price to move the property asap.
0 votes
Terry McCarl…, Agent, Cape Coral, FL
Wed Jun 5, 2013
Have a real estate professional prepare a CMA for you.
0 votes
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