Look at the prices of homes similar to yours when your goal is to sell your home fast
Setting the right price for your home is the most important step of your home sale. If your goal is to sell your home fast, you can find values from different sources, including real estate agents and websites. You want to set a price with a little room for negotiation, yet you don't want to drop your price several times.
Have you ever watched as a neighbor listed a home for sale and it sat on the market for months? This might be the result of overpricing. It's a buyer’s market and shoppers can compare your home listing to many others and tell if it is greatly overpriced. Listing your price too low is also potentially dangerous because shoppers might suspect there is something seriously wrong with the house. If you are thinking, "I need to sell my home fast" you can find values through a real estate agent. The agent can walk through your house, check out the features and look at other factors to determine a good selling price for your home.
Both you and the agent can also figure out the value of your house by looking at comparable homes for sale nearby. Check newspapers, websites and other sources that list currently available properties. You'll want to look for homes with the same lot size, number of bedrooms and bathrooms, and features as your own home. Furthermore, you should compare your home to houses within five years of age, as a newer home will likely cost more than an older house. Looking at the prices of home sales can help you determine the price for your home.
However, it's also important that you look at comparable sales. Often referred to as comps, these are homes that recently sold. If you only look at the list prices of homes for sale right now, you won't know how much buyers are willing to pay for homes in your area. Compare your house to homes near yours or in neighborhoods like yours. You might notice that your neighbor has a home for sale with a price tag of $200,000, while a similar home recently sold for $150,000. Ask your real estate agent about the price difference and how to tell if the home is overpriced. When you decide, you can find values of comparable homes to help you price your home correctly. To find home comps in your area and real estate agents who can help, go to RealtyNow.