Making the decision to sell your home can be a difficult one and there are many reasons why selling it is finally settled on. The one thing you want to make sure of is that you are getting the appropriate value for your home. If you plan on selling your home yourself as opposed to going through a real estate agent then there are a few things you should know to make the process easier. It is not difficult finding out how to set the selling price of your home if you follow the guidelines below.
• Check the Neighborhood – You can find out what homes of similar square footage and those that are on the same size lot are being sold for in your neighborhood. This is a great way to get a median price that you can list your home for. There are a couple of ways you can do this, you can check the Internet and find websites that offers homes for sale in your area or you can call the realtors who are listing the homes in your neighborhood and make an inquiry about the home. This only takes an hour or two and can give you helpful information.
• Know When to Sell – Homes typically sell better in the warm months of spring and summer. In areas where it is very cold or even snowing in the winter, people are not as apt to move as they are when the weather is better. While selling a home in the winter is possible, you can get more for your home when you sell in the spring and summer. There are exceptions such as in Southern California and Arizona where the season do not really play a factor in selling prices.
• Figure in the Cost of Upgrades – If you have made upgrades to your home such as a remodeled kitchen with the latest countertops and cabinets, this can increase the value of the home. Having a pool or Jacuzzi tub can also increase the value. Make sure you figure in these upgrades when deciding on a price.
It is vital to know the basics about house prices when you are selling your home. If you know when to sell and what the median value for homes in your neighborhood is, you can have a better chance at getting a good price for your home. Finally, include any upgrades you have made to your home as they add value.
Audrie- Setting Home Prices