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Real Estate Q & A

 
Question: How is the price set?
  
Answer: It's very important to price your home according to current market conditions. Because the real estate market is continually changing, and market fluctuations have an effect on property values, it's imperative to select your list price based on the most recent comparable sales in your neighborhood.

A so-called comparative market analysis provides the background data upon which to base your list-price decision. When you prepare to sell and are interviewing agents, study each agent's comparable sales report (the data should be no more than three months old).

If all agents agree on a price range for your home, go with the consensus. Watch out for an agent whose opinion of value is considerably higher than the others.

 
Real Estate Q & A 2000 InMan News Features
 No articles may be reprinted or displayed without permission.

Information herein believed to be accurate but not warranted.


 
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