To get a general idea based on the square footage of the house and other specifics such as the number of beds and baths and neighborhood localities, online calculators are also a great place to start with. Although they do not cater to some details such as the view from the house or its distance from the main highways and airports, they will give you a ballpark estimate to help with your decision. The best thing about these online calculators is that they are free of cost and do a good enough job.
MARKET KNOWLEDGE FOR PRICING HOME
While appraisers and listing agents will help you a great deal, it is always best to have as much knowledge of the property market in your area as possible. The final decision of your house price has to be yours and you can only do that correctly if you are aware of what the houses in your area have been selling for the past 3 months, 6 months and even a year. Websites like Trulia.com have trajectories of local markets which can also be of great value in helping with your decision. The effect of foreclosures and short sales
should also be taken into consideration. If the number of foreclosures and bank sales is in your area is high, you might have to reduce your price in order to have a better chance to compete with the market.
For more information on how to accurately price your home while taking into account the current home sales, comparable properties, and market conditions, consult with a knowledgeable real estate agent
in your area. Properly pricing your home is the first step in the successful sale of your property.