The best resource for pricing your home

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10/30/2015 | Author: Marty Kramer

You’re ready to sell your home, but you’re not sure what to ask for it. No problem … a neighbor just sold her home for $329,000, so you’ll just ask for the same amount.

Wait. That was what she asked for her home. You’re not sure what it actually sold for.

Oh, hey! Didn’t your coworker sell his home for $275,000 a few months ago? That’s solid information. Maybe you should ask for that. If the market hasn’t changed much since then.

Sure, the coworker’s house isn’t in your neighborhood, but it has the same number of bedrooms and bathrooms as your home. Or maybe you should go with the asking price to the neighbor’s house. She probably sold it for close to that number. The house isn’t as nice as yours, but it’s a little larger. And it has beautiful landscaping. That adds some value, but how much?

Putting those two homes aside for a bit, you go to a website that promises to tell you what your home is really worth. An actual number. Now you’re getting somewhere ... if the value isn't off by the 20% margin of error you read about in the site’s disclaimer.

If only there was a way to process all this … pull in more data … make sure it's accurate … account for differences in the properties ... factor in what's going on with real estate prices in your neighborhood. If you could just find some to do all that, analyze it, and guide you toward the highest price that will actually get an offer. Sounds to me like you're ready to work with a Texas REALTOR®.

Categories: Sellers
Tags: consumers, selling


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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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