The Value of Pricing YOUR Home Correctly



Tips on How to Price Your Home



  • Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?


  • Consider competition. How many other houses are for sale in your area? Are you competing against new homes?


  • Consider your contingencies. Do you have special concerns that would affect the price you´ll receive? For example, do you want to be able to move in four months?


  • Get an appraisal. For a few hundred dollars, a qualified appraiser can give you an estimate of your home´s value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute ( or ask a REALTORÒ for some recommendations.


  • Ask a lender. Since most buyers will need a mortgage, it´s important that a home´s sale price be in line with a lender´s estimate of its value.


  • Be accurate. Studies show that homes priced higher than 3 percent over the correct price take longer to sell.


  • Know what you´ll accept. It´s critical to know what price you´ll accept before beginning a negotiation with a buyer.
Mitch Young
Mitch Young
751 NE Anderson Lane Lees Summit MO 64064