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Courtesy of Darren McShane, REALTOR®

For FSBOs: Tips on How to Price Your Home

  • Consider comparables. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?
  • Consider competition. How many other houses are for sale in your area? Are you competing against new homes?
  • Consider your contingencies. Do you have special concerns that would affect the price you’ll receive? For example, do you want to be able to move in four months?
  • Get an appraisal. For a few hundred dollars, a qualified appraiser can give you an estimate of your home’s value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute (www.appraisalinstitute.org) or ask your REALTOR® for some recommendations.
  • Ask a lender. Since most buyers will need a mortgage, it’s important that a home’s sale price be in line with a lender’s estimate of its value.
  • Be accurate. Studies show that homes priced more than 3 percent over the correct price take longer to sell.
  • Know what you’ll take. It’s critical to know what price you’ll accept before beginning a negotiation with a buyer.

www.REALTOR.org/realtormag Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS® . Copyright 2003. All rights reserved.

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Contact Me

No one likes to fill out forms online.
(I generally don't fill them out myself!). If you do, I promise that your information will not be shared.  If you still don't want to fill out the form, thats fine.  Just give me a call instead.  My direct number is 410-468-4604.  I look forward to being the Baltimore Real Estate agent you choose, and making your dreams of homeownership (or selling for a great price) come true. 
Best,  Darren.





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Contact Information

Long and Foster Real Estate, Inc. Darren McShane, Realtor® Long and Foster Real Estate, Inc.
1210 Light Street
Baltimore, Maryland 21230

Phone: 410-727-4644
Cell: 410-746-7076 / E-mail: Click here / Website: REALTYINBALTIMORE.COM


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