You can use the internet to scout other homes that are for sale in your area, and narrow them down to those that are similar to yours. The prices on these homes can give you a good benchmark for setting your own price.
HOW TO FIND ACCURATE COMPARABLE SALES AND USE THEM T E THEM TO DETERMINE TERMINE YOUR HOME'S EXACT VALUE
Search internet sites, such as Zillow or Realtor.com, which can show you comparable sales. To search for homes similar to yours, enter criteria such as square footage, the number of bedrooms, etc. The key to finding accurate, comparable sales is to find the properties that are closest in location, condition, square footage, features, etc. HOW TO DETERMINE WHI TERMINE WHICH COMPARABLE SALES YOU SHOULD USE AND WHI E AND WHICH TO IGNORE The following comparable sales should not be used. Very few of these properties sell for a fair value. Here is why each of these property types is not good for comparable sales. Bank-Owned/REO P d/REO Properties: Banks consistently sell their homes for less than they are worth. The average bank-owned home in today’s market is selling for 5% to 10% less than its fair value. This is true even for homes that are in good shape. Short Sales: Buyers and their agents hate short sales because they are tricky and unreliable. A buyer will often fall in love with a short-sale home, only to find out the banks won’t approve the short sale.
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