It is human nature for you to want the highest price for your home. However, to set the right price on your house, combine an objective evaluation of your property with a realistic assessment of market conditions. Getting emotional can cost you money.

Study the Comparables
You are more likely to benefit by determining a fair value and sticking close to it than by asking an unrealistic figure. Under pricing can deprive you of money that’s rightfully yours. If you have good condition in your favo, unless rushed, aim for full market value. Be cautious 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 others close in age, style, size, condition and location. Timing is all-important. If market demand is high, you should be able to increase the price. Your agent will know what if any current market trends that will effect your price.

Get an Appraisal
Don’t agree with what the numbers say? Or maybe you don’t have an easy property to evaluate. 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.