Thursday, 30 January 2014

Determining Property Price

The first arduous step in selling a property is determining the value of your property. This valuation or range affects the property price that you put up in listing agreement. Depending on the real estate market in the town or city you live in, you can expect to profit from the property either more than the property value or slightly bit less. A broker can easily estimate the price for you. Here are a few tips to determine the property price:

Browse Real Estate Listings
Browse real estate listings for homes that are similar to yours in size, age and construction. You can find these listings in newspapers, community magazines, classified publications, trade magazines and national multiple listing services online. Pay close attention to the listing prices and obtain a close guesstimate of your property price.

Check with the Local Tax Assessor
Tax assessors provide and maintain online databases of property value assessments within a community. You can get these documents within the country office.

Use Online Tools
A number of web-based applications help you determine what the price of your home should be. These websites use tools where you simply input the physical address of the home, the city, and the state in which you are located. The system then searches thousands of public records and databases to determine a quick estimate of your home's value. Remember that the figures presented by the system are just an estimate and many factors affect the worth of the property.

Hire an Appraiser
An appraiser can easily do the job for you. Simply hire an appraiser to determine the actual value of a piece of property.

List with an Agent
Consider listing with an agent. You and the agent can mutually set a listing price for your house. The agent will have some solid experience for homes that were recently sold in your neighborhood. 

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