Selling Your Home

What's a Realistic Asking Price?

One neighbor’s house sold in two weeks. Another’s has been on the market for months. And as much as you want to sell, you want to get the best price you can. So how do you decide what your home is worth?

You can check public records to find out what other homes in your neighborhood have sold for in the past year. You can also consult with a real estate agent.

Keep in mind that even if comparable houses are selling in a particular price range, there are many other factors that affect the price you can get:

Real estate market conditions
Interest rates
Time of year
Number of homes for sale in your area
How quickly you need to sell
Quality of the school system
Location, such as proximity to mass transit or parks
The condition of your neighborhood
Size of your property
Your home’s style, condition, age, and décor
Improvements and upgrades you’ve made, such as an additional room, a swimming pool, or a finished basement
Improvements that need to be made

Remember, potential buyers will almost always try to get you to lower your price. So be prepared to negotiate.

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