1. Study Recent Sale Prices of Comparable Homes - A good way to determine the best dollar figure is to study recent sale prices of comparable homes in your neighborhood. Local Realtors can access Minneapolis "comps" for you and suggest a fair value. Web sites such as Zillow.com and Trulia.com also provide data on recent sales. Resist the urge to ask for more than what your home is worth. When a real estate buyer feels like you are being fair, they may be more inclined to work with you.
2. Urgency To Sell May Impact Home's Selling Price - If the home seller must relocate immediately due to a job transfer, death in the family, or some other reason, the sense of urgency to sell quickly may determine a lower asking price. When a home's price point is higher than it should be, it may do more to help everybody else in the neighborhood first.
3. Price Should Reflect A Home's Value - Prove the value of your home. Recent home renovations and upgrades should be highlighted. For example most buyers won't know that cost of granite countertops improvements unless told.
4. Understand List Price and Home Sales Price - Know the a meaningful relationship between a home's list price and sales price. Perhaps most homes are selling for 5% less than the list price, or above the list price due to multiple offers. A local agent who has deep inside experience will be in the best position to find the tipping point between a list price and what a seller is willing to take in an offer.
5. Compare Sales Price of Foreclosed Homes - A foreclosure usually has a different feel from a move-in ready home, so it will probably be priced a little lower.
6.Use Current Comparable Home Sales - Finding sale prices on comparable homes, and recent property sales in the same neighborhood will ensure a home's asking price will be a close match to a home appraisers price.
Source: PRWeb.com
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