Determining the right sales price
Determining the right sales price is the key factor on selling
your home. You should always try to be the best deal in the neighborhood
in order to sell in a reasonable time frame. You should also find out
information on the current sales in your neighborhood. You can access
this information by going to your local county courthouse at the property
appraisers office or tax roll information. You can also try researching
on the Internet under your specific county using the search terms property
appraisers office or tax deed information.
Supply and demand:
• A property that is in wonderful condition with many upgrades that are generally acceptable to most buyers could be priced higher than a home that is in worse condition.
• A home in poor condition that needs paint, carpet, or new roof should be priced lower than homes without these problems.
Example: You and your neighbor three houses away have the same
square footage and similar location. The neighbor’s house is priced
at $150,000. Which is priced $5000 more than your house. Your house has
outdated flooring and an older roof than your neighbor’s house.
Your neighbor’s house has newer roof and the interior is completely
renovated. Obviously, a buyer will lean more towards your neighbor’s
house than your house even though there is a slight difference in price
due to the condition of the homes.