Real estate agents and appraisers do a comparative market analysis by looking at sales data of similar homes during the past six months. Look for the average range, and be wary of an agent whose opinion of value is considerably higher than the others. Take into consideration the total square footage of your home, including bedrooms, bathrooms and numbers of garages. But be careful about locations of rooms. While a basement bedroom may be fine for your teen-age son, a potential buyer with small children may not see it as an asset.
Real estate agents What to add vs.
If the sellers have purchased a new home or have to move quickly, they may be more receptive to a lower offer. Consider comparable homes - If you know what similar homes have sold for in the same area, you can get an understanding of the value. Use the asking price as a guide - A seller's asking price should be treated as a rough estimate of what they wish to receive. Negotiate honestly - Be as fair and reasonable as possible. It's the best way to reach an agreement that makes everyone a winner.