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Real Estate

How to price a house

There are several ways of determining your house's value. One useful tool on the internet is www.Zillow.com. Zillow allows you to enter a specific street address, zip code, city, and state. The output is a sales price, map of the area, specifications such as bed/bath, size, being sold by owner or agent, etc. It gives a good high level view of what similar houses are selling for.

Internet sites such as www.fsbo.com, www.realtor.com, or realtor specific sites such as www.remax.com or www.century21.com can provide a good research tool for determine home values.

You can also look in the newspaper which will commonly list recently sold houses to get an idea of prices on similar homes. Many grocery stores have free home advertisement books at their store for homes in the area which can provide insightful information.

A more manually intensive form of research may include driving around to homes in your area and checking information posted on homes that are currently for sale. You may also ask around with neighbors to get a ballpark idea of what their homes are valued at. This should be done tactfully in a manner such as asking about the amount of property tax they pay rather than coming right out and asking how much their home is worth.

You may choose to hire a professional appraiser who will base their evaluation on similar houses, location, features, and their experience.

If you determine that you would like to sell your home, it is recommended that you hire a professional real estate agent. The real estate agent will provide you with days on the market for houses in the area, average/median sales prices, listing versus final sales price, and a host of other information regarding the market value of the home as well as various intricacies involved like financing, title search, legal documents, etc.

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How to price a house

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