PRICING ASSISTANCE MY HOMES VALUE
How Do I Find The Right Value For My Home?
MY HOMES VALUE-How do I find the right value for my home?
-Remember both buyer and seller markets are local. Ask around your neighborhood to find out what homes similar to yours sold for. Make sure they are similar in size, age and condition. Use the price per square foot to find your value
-Hire an appraiser (here we should have a hyper link connecting appraisers we know)
Make sure the appraiser is familiar with your neighborhood and feel free to provide him with any information you may have regarding other home sales in your area
-Find out what your pay-off is. Make sure the price of your home, when sold, pays off your current mortgage
Be sure and include the upfront cost of your improvement’s & maintenance to get your home ready to sell
-Have in mind your bottom line. What is the lowest amount of dollars you will sell your home for?
-Try these links for additional help in pricing:
Federal Housing Finance http://www.fhfa.gov/, Y-Charts https://ycharts.com/, Home Affordable Finance Program http://www.harp.gov/, All Transactions House Price Index for Texas https://research.stlouisfed.org/fred2/series/USSTHP
For Pricing Assistance, we offer a Current Market Analysis you can purchase.
SET YOUR PRICE!
-Consider the following questions when pricing your home:
What are the important selling points of your home?
How many comparable listings are currently on the market?
At what prices have comparable listings recently sold?
Which comparable listing in your community did not sell and why?
-Once the value of your home has been determined, you decide on an offering price that will achieve your goals. If you want to sell quickly, your offering price should be very near the value.
-Keep in mind these things about pricing:
Realistic pricing will help you achieve a selling maximum price in a reasonable period of time.
The market determines the price.
The cost of improvements are almost always more than the added value.
A home priced right from the beginning achieves the highest proceeds.
-What Are the Only Factors Within Your Control That Will Help Get You the Best Price Obtainable for Your Property:
Condition of the house and grounds
Your personal considerations
Availability for showing
ULTIMATELY, MARKET VALUE WILL DETERMINE THE SELLING VALUE OF YOUR PROPERTY