PEGGY ALLEN, ABR, CRS, GRI 

Integrity, Innovation, Loyalty

  YOUR REAL ESTATE CONSULTANT

 LICENSED IN IOWA AND ILLINOIS 

RE/MAX BI-STATE - 901 E KIMBERLY ROAD - OLD TOWN MALL  -  DAVENPORT, IOWA 

1-563-359-3898   Home        -       1-563-349-0100   Cell       -       1-563-388-0008   Office       -       1-563-388-0008   Fax  

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 me, your REALTOR^Ò for some recommendations. Various states now have state licensed appraisers, so ask if your appraiser is licensed during the interview process before you hire your appraiser. You may want to ask questions like, "How long have you been licensed?" and so forth.

§        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 higher than 3 percent over the correct price take longer to sell.

§        Know what you’ll accept. It’s critical to know what price you’ll accept before beginning a negotiation with a buyer.

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