Sellers: How to Price Your Home (its not rocket science, but you need some data)

Have you ever sold a car before? You wanted to make sure that you received the best possible price along with a quick sale, right? What did you do to find that information out? You did some research. I bet you went to the Kelly Blue Book site and entered in your cars information and bam you had a figure based on the information you entered.

Of course you can do that today with internet sites such as Zillow and Trulia, but how accurate are these sites? They are only as accurate as the information that has been plugged into them. At their best they are still "guesstimates". Do you want to "guess" at the selling price of your home? NO! You must contact a local real estate broker who is familiar in the market your home is located in.

Remember that all markets are local and the best way to get that dialed in data to set your price is to contact a local real estate broker for the current market stats. You need to ask the real estate broker to discuss the following items with you:

1. Current median sales prices.
2. Days on market for the homes in your neighborhood, to include active, pending and sold.
3. What is the recent list to sales price ratio.
4. How many homes have sold in your neighborhood in the last 90 days, 120 day, 180 days.
5. Are there any homes that are pending in your area.

Remember the local real estate broker can provide you with the most accurate market data and counsel you on the best price for your home's market condition. You want to price your home to sell for the highest price in the quickest amount of time. Let the real estate experts provide you with your data and make your research easy.