SCHUTT LAW FIRM, P.A.
Phone: 239.540.7007
Blog
10/23/2015

Finding the Right Price for Your Home

If you have found yourself thinking about selling your home, but aren't quite sure where to start with the price, you're not alone. To help make it easier, Schutt Law has put together an easy to follow checklist to help make your first home sale a smooth one.

Finding a Base Asking Price

Take a look around your local areas for similar homes which are also for sale. Take note of their size and extras such as as pool, garden or entertaining area. While it may be a little hard to view your property in a negative light, use what you find to gauge where your home sits, giving you a base amount to work with when setting your asking price.

Choosing the Your Comfortable Price

Now that you have an idea where your property sits, work with this and choose an amount that you feel comfortable with. Consider what you paid for it originally, including any and all interest and fees, as well as any improvements you have made which you feel add value to your home.

Choosing Your Asking Price

Now comes the tricky part - the actual amount you're going to put on advertisements. Many home sellers find this is the biggest challenge because of emotional attachment to their property. Now is the time to take a step back and look at your home from a buyer's point of view. Remember that there is a real chance that this amount is going to be significantly lower than your comfortable price. Other factors should also be considered, such as how quickly you would like to sell your home - in which case you may set your price lower in the market to attract more buyers faster.  If you are including high-end utilities such as a dishwasher or laundry services, consider leaving these behind and providing them as a free addition to the property. If you attract a buyer that does not have a complete house of furniture, this could be the difference in choosing your home.

Title Insurance in Cape Coral

Remember that buyers are likely to be using a mortgage for the purchase of your home, which means there is documentation they will need to satisfy their lenders. Take this burden off their hands and arrange a title search in Cape Coral prior to opening your home. Speak with Schutt Law on 239 540 7007 and ask about how a professional title search can assist your home buyers in obtaining title insurance in Cape Coral.