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I plan to sell my house myself. What is the best way to determine what price to seel my house?

My house is at 77 Allenhurst Rd., Buffalo, NY 14214

  • April 08 2014 - Buffalo
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Answers (10)

Profile picture for Jill Kohler
Hire an appraiser.  They will give you the most detailed report and information based on your area.  They $3-400 they usually charge will probably keep you in the ball park of pricing your house correctly thus selling it quicker in the long run.
  • April 10 2014
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There's a secret you should be let in on: there's an excellent chance that the fee appraiser has never set foot in the houses that s/he is using as comparables. There's a good chance, however, that you can find an agent who has - and if you start the process early enough, then you can, too.
  • April 10 2014
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If you don't want to work with any Realtors, you can pay for an appraisal.
  • April 09 2014
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Profile picture for John Steeby
You're best bet is to contact local agents and ask for them to do a CMA. They can tell you not only what your property is worth, but what the market is doing in your neighborhood.

Best of luck
  • April 09 2014
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Profile picture for hpvanc
Hire an appraiser.
  • April 08 2014
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You can start by going out and looking at comparable houses that are currently on the market, and tracking them to see what they eventually sell for.
  • April 08 2014
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Profile picture for descrs
I would find 3 highly recommended agents in your area and ask them to do a market analysis on your home.  They should be using recently sold homes in YOUR subdivision if possible or at least within a 5-mile radius of your home and in the same school district.  These are called comps or comparable sold properties.  They should make adjustments for the differences between your home and the 3 comparable sold properties for such things as square footage, age, condition, and amenities.  And they should be able to explain to you in detail how they arrived at the number they come up with.  Be careful if you get one that seems much, much higher than the other two... you do NOT want to overprice your home or it will just sit and sit on the market.  And if there is one single truth in real estate, it is this:   the longer a home is on the market, the more difficult it becomes to sell it.  You should also ask the agents to provide you with MLS printouts of homes in your area that will be competing with yours so you know how you stack up against the competition. 
  • April 08 2014
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Easy way to price it would be to get 3 local agents to give you a marketing analysis of what they would list it for and take the average.  Disclaimer: I would let them know upfront you are planning to list yourself.  Offer them compensation if they bring you a buyer (you should be doing this for ALL agents).  That way they would be motivated to help and also get a sneak peek of a new home on the market.

Price is just one factor.  You still have to market it, stage it and be the project manager for this whole process.  It takes a lot of time and energy.  Best of luck to you!
  • April 08 2014
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A home is a structure, but one that has a lot of emotional attachments. For sellers, many key life experiences have occurred in the home. For buyers, it is all about falling in love with a home. Whatever your position in the real estate transaction, you must divorce yourself from the emotional attachment. Asking to much or too little can be a trap and cause "Analysis paralysis" Most sellers have a figure in mind that they need to achieve a financial goal. Get some professional opinions of value with an estimated net procceds from the sale to include an "Earned" commission. A real estate professional can make your real estate experience a lot smoother. If you've never sold a property and are emotionally attached it could cripple the transaction either before, during or even after if not completed properly. Commissions are negotiable! Work out a Win- Win!
  • April 08 2014
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You don't want to sell it for more than an appraisal will show it is worth because that will stop a loan dead. You don't want to sell it too cheap. You also don't want to pay any attention at all to the zillow estimate, I can assure you that number is one or the other.
  • April 08 2014
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