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Seller's Guide

Tips for Pricing Your Home

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Consider Comparables

What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?

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Consider Competition

How many other houses are for sale in your area? Are you competing against new homes?

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Consider Your Contingencies

Do you have special concerns that would affect the price you'll receive? For example, do you want to be able to move in four months?

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Get an Appraisal

For a few hundred dollars, a qualified appraiser can give you an estimate of your home's value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute or ask your Real Estate Agents for some recommendations.

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Ask a Lender

Since most buyers will need a mortgage, it's important that a home's sale price be in line with a lender's estimate of its value.

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Be Accurate

Studies show that homes priced more than 3 percent over the correct price take longer to sell.

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Know What You'll Take

It's critical to know what price you'll accept before beginning a negotiation with a buyer.

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