Sell your own home in six easy steps.
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By far, the most important determinant of price is what buyers are paying right now for similar homes in your neighborhood.
Sources of recent selling prices:
  • The Comparable Market Analysis (CMA) you received in interviews with neighborhood real estate agents. See a sample CMA
  • HomePrice.Net
    The people at HomePrice provide a comprehensive, CMA type price analysis, plus a report on school quality and other neighborhood information that can help sell your house.
  • Find recent neighborhood prices on the Internet.
    Domania.com and Realtor.Comprovide sales prices for recently sold homes in your neighborhood or on your street.
    New York Residents: NewYork-Data.com provides a free database of recently sold homes organized by zip codes.
  • House Value.com will forward your information to a local real estate agent who will provide a price analysis (and ask you to let him sell your house).
Steps to setting price (when you have a list of recently sold homes)
  • Check off the homes most similar to your own in terms of size and number of rooms.
  • Walk by and view the selected homes. Decide if the lots are bigger or smaller than your own. Is the general condition better or poorer than your house ?
  • Set you asking price higher or lower than the selected homes based on your observations.
  • Compare your price with the "How much is your home worth?" feature at MSN HomeAdvisor. (Careful: HomeAdvisor provides a low and high estimate based on recent neighborhood sales, but can include homes much larger or smaller than your home.)
Other sources of Pricing help:
  • Home appraisal: - For a fee ($250 - $350 in the Atlanta area), you can hire a real estate appraiser to put a value on your home, based on its condition, plus past sales of comparable homes. This appraisal can be used to help justify your price when negotiating with buyers.
    The Appraisal Network will help you find a local real estate appraiser. (If that fails you can find appraisers in your local phone book.)
  • Engineer's Inspection: If you suspect problems with the roof or other major components such as the plumbing or heating system, you can hire a professional home inspector (for $200 - $300) to assess the condition of your home. The engineer's written report will arm you against similar reports prepared by inspectors hired by prospective buyer's.
Making repairs: You can avoid repair costs by selling your home "as is," but an "as is" property will sell for less than top dollar and may take longer to sell. We suggest making the repairs and putting the cost into the selling price.

 

 For sale by owner book
Complete For Sale By Owner Kit $58.95

Includes contract package plus photo tour packages below. Also property flyers in two styles, a for sale by owner yard sign with stand and a directional sign. Internet listing will remain active until home is sold.
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Contract Package $14.20

Real estate forms & contracts to legally sell or buy a home. Designed to meet individual state requirements, our contracts have been used to sell homes in every state. Download them in Microsoft Word format for Windows & Mac. Most also available in PDF.
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Photo Tour Package $26.95

Internet web page ad with up to ten pictures of home plus property description and choice of 28 eye-catching headlines. Also includes choice of two flyers for local distribution.
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Don't have time? Can't devote 4 hours per week to selling your home?

Consider hiring a good real estate agent and paying 6%-7% or about $9,000 to sell a $150,000 property.