'How much is my home worth' is a question the real estate owner asks at one time or another. Some will have a general idea, however when it comes time to sell a more accurate figure is required. Determining your property value is the first thing you need to do before you list on our Durham Region For Sale By Owner website.
Overpricing your home will do nothing but cost you time and money if you decide to private list as a for sale by owner. You will spend money advertising an overpriced home. You will be contacted by potential buyers who will go cold when they hear the price. Consumers now have the internet to rely on to find the information they require. Chances are they have looked at a number of other properties before they came across yours. They have seen comparable homes to determine the value of yours. If your private for sale home is over priced, you will be looking for a sucker, not a buyer.
To get a real estate appraisal, you have a couple of options. Real estate agents offer this as a free service. Their hope is that if you decide to list with a real estate company, they will be the one you contact. Chances are you know a couple of realtors. Be aware that as soon as you say 'I'm selling my home', you will have commissioned sales people chasing you. They will use every reason and scare tactic why you should not offer your home for sale by owner.
You can also consider having a professional appraisal completed. These are conducted by individuals that have a higher level of education in the real estate appraisal field. The property value report you get will be very detailed and will cost a few hundred dollars. Insurance companies, mortgage companies, banks, etc. use the services of a real estate appraiser. Not only will you get an accurate opinion of value, you have something to show a buyer that presents a low ball offer. You will find an appraiser in the Yellow Pages under 'Real Estate Appraisers' or here.
Don't rely on friends, relatives or someone at work to set your home value. This is the most important part of preparing your property for sale, whether you sell through a realtor or decide to private list.
Pricing a home at market value could possibly attract more than one buyer. Sellers love to have competing offers. This can sometimes result in thousands of dollars more than you were asking in your pocket.
If you follow these steps, you will be able to now answer the question 'how much is my home worth'?
How Much Is My Home Worth? --- Durham Region For Sale By Owner Real Estate Website
HomesByOwner of Durham Region
Toll Free - 866.964.FSBO (3726)
Sell Your Home. Keep The Commission.
