Setting the Price

To set the right price on a home, combine an objective evaluation of your property with a realistic assessment of market conditions. You are more likely to benefit by determining a fair value and sticking close to it than you are by asking an unrealistic figure. Under pricing can deprive you of money that's rightfully yours. Unless you are in a hurry, aim for full market value.

Study the Comparables
You run the risk of either overpricing or under pricing if you rely on less-than-solid information. Know your competition. Learn the offering and selling prices of similar properties. Find out how long each took to sell.

Compare your home to homes that are close in age, style, size, condition and location. Timing is all-important. If offering your home when demand is high, you should be able to increase the price. Sales prices of homes are published in local or regional sections of newspapers.

Get an Appraisal
Appraisal opinions are subject to honest dispute. Generally, an appraisal prepared by an experienced, licensed professional comes as close to an objective evaluation as you can get.

Click here for a special report: Is My Home Priced to Sell?

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Contact Frank Armstrong

RE/MAX of Rochester
4600 18th Ave NW
Rochester, MN 55901
Toll Free 1-888-736-2904
Direct 1-507-287-7722

Each Office Is Independently Owned and Operated

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