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How to determine the best price to sell your home

Posted by:  Chip Poli
2013-11-14 09:37:18

Selling a house in preparation to purchase a new residence can be an exciting time for homeowners, but also one that is fraught with uncertainty. In hopes of realizing the largest return possible, individuals often list their properties at astronomical prices, but typically receive only a handful of offers that are less than the asking price. Determining the best amount to request when selling a house may be a tricky task for many people, but it can be made easier with the proper guidance and knowledge.

At Poli Mortgage Group, we offer our clients so much more than just low rates. We are licensed to operate in 17 states along the East Coast, and during the last 12 years, have grown into an authority in residential lending. If you have questions about homeownership, we have answers. 

Are you trying to decide upon a fair price to sell your home for in the coming months? If so, you may want to consider the employing the following strategies.

Calculate square footage
The amount of living space your home features has an impact on its overall price, as buyers typically pay more for larger houses with numerous bedrooms and bathrooms. Using the property's blueprints and builders' original plans, you should be able to quantify your home's square footage. After taking that figure into account and factoring in the structure's appealing features and attractive amenities, you should have a better idea of an acceptable sale price.

Examine neighboring properties
Though they may only have a property line in common, your neighbor's home can have an effect on the amount of money that buyers will pay for your residence. You can gain valuable insight by researching the property values and home prices of other houses in your area. Going through public records, attending nearby open houses or simply walking around can provide you with pertinent information.

Request completion of a CMA
If you're unsure of your ability to properly determine an acceptable sale price for you home, you might want to enlist the assistance of a professional. Real estate agents can conduct a comparative market analysis, which clearly lists the prices of recently sold homes in your area, as well as properties that are currently on the market. 

Are you ready to sell your home? Contact one of our experienced representatives at Poli Mortgage Group. Call us today at 866-353-7654.

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