Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?
Consider competition.
How many other houses are for sale in your area? Are you competing against new homes?
Consider your contingencies.
Do you have special concerns that would affect the price you’ll receive? For example, do you want to be able to move in four months?
Get an appraisal.
For a few hundred dollars, a qualified appraiser can give you an estimate of your home’s value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute or ask your REALTOR® for some recommendations.
Ask a lender.
Since most buyers will need a mortgage, it’s important that a home’s sale price be in line with a lender’s estimate of its value.
Be accurate.
Studies show that homes priced more than 3 percent over the correct price take longer to sell.
Know what you’ll take.
It’s critical to know what price you’ll accept before beginning a negotiation with a buyer.
Rick’s knowledge, professional & personalized approach in assisting clients gain buying & selling success began in 1976; after graduating from the University of Illinois with a B.S. Degree in Finance, with special concentration in Real Estate and Urban Economics. He is the office’s Managing Broker, holding licenses in both Illinois and Missouri. Besides yearly sales achievement awards, Rick was twice elected President of the Quincy Association of REALTORS® in (1985 & 2007); and was honored by the Q.A.R. with “Realtor of the Year” award in 1990 and the “Outstanding Career Realtor” in 2004. Rick is experienced in residential and commercial sales and leasing; with an added background in the Management and Rehabilitation of rental property. He served as a commissioner (and Chairman) of the Quincy Housing Authority (for over 17 years) -a governing body providing oversight to over 300 subsidized housing units; which functions to insure the availability of clean, safe and affordable housing for low-income residents in our area. Rick previously held (for nearly 10 years) a “Pre-license Instructor” license; which allowed him to teach the necessary coursework for those seeking to join the Real Estate field.
Comments