If the Price is Right!

Congratulations you've decided to sell your home! Now what? There are a lot of crucial decisions to make in a short amount of time in order to market your home effectively.  One of the first questions you'll ask is "What is the value of my house?" and "How much should I sell it for?"  Whether you are selling your house on your own or you are listing your property through a real estate agent, it is very important to know how to set the selling price for your house. Most of the time, the success of a sale depends on whether your property is priced right. If the price is right, you'll surely have a lot of attention.  Here are some factors that can help you determine how to price your home:

1.Get a Fair Market Value Estimate. Realtors can help you give an estimate of the fair market value of your house.  Some home owners ask for this service from time to time just to know what their house value is.
 

2. Check Internet Listings. You may check out http://www.anchoragehomedeals.com/ for property comparisons. Just type in your zip code, select the type of home, number of bedrooms and bathrooms then select the price range to narrow the search to houses like yours. A list of houses that are currently for sale will appear and you can check the price and features of these houses to compare against your house.

3. Driving by the neighborhood and Attend Open Houses. Surveying the area yourself and visiting homes presently on sale will give you idea of how much other homes are priced in the same area. When you visit other houses in person, you will be able to see what features the other houses have and what upgrades have been done and then you can compare it with your house.

4. Home upgrades. The added investment for home improvements can be added to your home's selling price but please bear in mind that the total investment you made for your home improvement won't give you 100% return. For example, you've repaired your bedroom for a cost of $5,000, you can only gain maybe 60%-75% of the total cost you spent.

Your agent, relatives, friends and neighors can help show you the advantages and disadvantages of your house that you don't see because you're too close to the house and not as objective as others.

If you need professional advice on how to price your home right, please contact me. I will gladly guide you in every step of the way.