Internet Jetset
Nobody wants to live with the nagging fear that they settled for less than their property was actually worth. So, if you are thinking of selling, start off by looking at current pricing and recent sales of comparable properties. Then factor in current market conditions and the condition of your home. Today, the Internet makes that all very easy to do.
Simply visit your favorite search engine and type in the name of the city or town where you live plus the phrase, real estate. You will find plenty of Websites that make it easy for you to search the local MLS database to see what is for sale. Since you want to compare your home with other similar homes, limit your search to homes with the same number of bedrooms and bathrooms as your home. Of course, your home may be above or below median value so you must refine your search for information. Choose a price range that you know will include your home. If you have extra features that most of your neighborhoods do not have such as a pool or tennis courts, factor those in later. So for now, just search to determine the asking price for homes similar to yours in your area. Based on this research, how would you price your home?
This next step may require you to visit one or more of the large directory websites. Many of these sites also provide data for recently sold properties.
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What you want to find out is the actual selling price for similar homes in your area. Although when it comes to individual homes, selling prices are usually somewhat lower than asking prices, when it comes to median price data, you cannot always get an accurate picture for your home. That is why it is very important to compare data in your neighborhood or area. Keep in mind that most sellers price their homes a little over market giving the buyer room to bargain.