Know what other homes have sold for and get an appraisal on your home.

The single biggest reason for sale by owner homes fail is
because the owner has set an asking price far above what other
houses in the neighborhood have sold for.

If you have your for sale by owner house overpriced, don’t rush out and hire a real estate agent to represent you thinking that he or she will sell your house for what you are asking. The first thing your real estate agent will do is order an appraisal and check comparable properties to see what other homes in your neighborhood have sold for recently. You should do the same.

You want to set a realistic price on your house. Otherwise, you may not even get any calls to show it. If your listing shows your house priced well above other homes in your area, potential buyers will not even call. That’s why it is important that you set the right price before you list your home.

There are two primary and very effective methods for arriving at the right price:

  • Comparative Market Analysis
  • Appraisal

Good thing for you that you can order both of these online.

See Also

  • Tips On Pricing Your Home
    Learn more about pricing your house right with a comparative market analysis or electronic appraisal.