Thread: House Appraisal
View Single Post
 
Old 02-29-2024, 04:55 AM
Randall55 Randall55 is offline
Veteran member
Join Date: Aug 2023
Posts: 748
Thanks: 322
Thanked 590 Times in 312 Posts
Default

Do a google search of homes sold within the last six months in your neighborhood. Compare the homes to yours, square feet, lot size, view, enhancements, etc. Find 3 that are very similar to your own.Your asking price should be in the range of those homes sold.
Don't forget there will be closing costs that will be deducted from your sales proceeds.

Asking realtors to evaluate your home is a great idea. They can also explain the pros and cons of selling the home on your own. There will be no cost for realtors to do this. If you agree to work with them, you will sign a contract and they will be paid a commission when your home is sold.

If you decide to sell on your own, use your three comparables to negotiate with the buyers. If a home similar to yours recently sold for $500,000, you can explain why you will not accept an offer of say $450,000. The price is too low for the existing market.