In almost every scenario, homeowners think their home is worth more than it actually is. We have a self serving bias that is sometimes hard to get over, even in the face of facts. To a perspective buyer, your home is just another property, but to you it is much more. The home where you raised your family, lived laughed and loved holds tons of sentimental value. Unfortunately, that does not add actual value.
It is hard to be objective when thinking about your own home. You could hire an appraiser to do an appraisal report and price your home accordingly. This will costs you around $400.00. Or you could have a Realtor do a comparative market analysis, which is typically free.
In completing a market analysis Realtors use the same technique as appraisers. By comparing your home to recent homes sold in the proximity, a value is placed on your home. If it is done correctly, this value is usually very close to what your home will ultimately sell for.
Talk to a professional Realtor when trying to decide on a price for your home.
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