How much your home is worth to you versus how much it is worth in the real estate market can be two very different numbers. If you are planning on selling your home one of the most important decisions to make is price. Here are a few guidelines to help you put that 'price tag' on your home.
The best way to determine the right asking price is to look at recent sales of similar homes in your neighbourhood and then determine how your home measures up to these comparables. Your agent can guide you through the process of determining whether those aspects of your home which you consider 'special' or 'unique' will have the same appeal to today's buyer.
Your real estate agent can also provide all the important information on the present market conditions and can point out any special features or deficits of your home and property that might affect the asking price.
Pricing your home just right will ensure that it will appraise at approximately the same value, meaning the buyer can effectively secure financing.