The Insider's Guide To Selling Your Home By Owner- Rocio Fausto I | Page 62

about $275,000 and re-sold it for over a Million Dollars! The
sellers made the mistake of selling their property without
checking out all their options.

Understand how different market settings
affect how you should price your home.
First, you need to determine whether or not you are in a
Buyer or Seller’s Market.
While you’re scouting out other homes for sale in your area,
you should also pay attention to how long they’ve been on the
market.
Places like Zillow and Realtor.com often have a little
section under each home that tells how long it has been up for sale
in their systems, although not necessarily how long they’ve been
on the market.
If homes in your neighborhood are getting snatched up right
and left, you stand a good chance of the same happening for you
permitted that your home is priced right.
This would be referred to as a seller’s market, and you could
get more profit from your home’s sale.
On the other hand, if the ‘Home for Sale’ signs in your area
seem to be growing roots and taking up permanent residence, then
you are probably in a buyer's market.

How to price your home in a seller's market.
Sold homes don't matter that much. You should price your
home to be competitive with the other homes on the market. But,
you don't have to match the price of what homes have sold for.
For example, we recently sold a home that we thought was
about $100,000 overpriced. Comparable homes were selling for
about $525,000 to $550,000. But, home prices in the area were
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