Selling a home can be an emotional experience and leave you confused at what price is actually fair and reasonable. The first step in selling your home is to recognize that you are making a business transaction and divorce yourself from any emotional attachment to the home.
Look at the Market
Familiarize yourself with the local market and learn what else is for sale, find similar homes and look at their asking prices. Keep neighborhood, size, amenities, length of listing, and other key factors in mind.
Research Pending Sales
The price of pending sales isn’t advertized or available until the sale is finalized, but your realtor may be able to find out or you can call the listing agent and ask yourself. This will let you know what price range is hot in your local market and where you compare.
Local Market Trends
Most of the housing market is in a downward trend or a buyer’s market but some regions are starting to pick up and seller’s are having more luck, but a neutral market will have to come about before it’s an actual seller’s market. This will dictate your home price as much as anything else.
If you have a realtor then they can be of great help in this area. They won’t be able to set a price for you but can give you some helpful advice and can provide assistance with your research.