Three Ways to Get the Best House Selling Price

You have decided to sell your house without a real estate broker. This can be a very daunting and demanding task. Many home sellers think that selling their home without the assistance of a broker might save them more money in the long run because they pocket the profits without having to dish out a high commission to the real estate broker. Did you know that bargain hunters often look for homes that are for sale by the owner? It's true. They find that some very inexperienced home owners make pricing mistakes and under price their home. So, let's take a look at a few ways to find the best-selling price for the house up for sale without losing money.

Estimated Value - Take a look at your home owners insurance and the estimated market value of the home. This is the basis for the starting selling point. Take the time to have the home appraised by a professional. Add in the appraisal report valuation. Include these points to help estimate a more accurate market value.

Repair Expenses - Add in any repairs or updates made to the home within the last few years to the appraised value. For example updating a kitchen a year ago cost $10,000. The new home appraisal value is estimated at $345,000. Add the $10,000. The new home value is $355,000.

Similar Housing.- Now time for a bit of intensive research around the neighborhood. Look for similar houses on the market. Find out their selling price or what similar houses sold for within the last year. Compare those selling prices with the new home value of your house. For example, if your house is a three bedroom, two baths, ranch houses with approximately 1,500 square feet, look for one with the same statistics. Gather all these statistics together and record them in a notebook, journal, or on a computer file..

Take all the information found in your very thorough research and compile into a professional looking report to share with potential buyers. Use the info to arrive at a comparable selling price for the house. Use the compiled information to negotiate a price with potential buyers. For example, A potential buyers insist that the $325,000 is a good offer for the home in the current real estate market. Show the buyer your compiled statistics to negotiate a higher more appropriate value.