Monday, November 5, 2007

Can You Really Save Money Selling Your Home On Your Own?

That depends on how much knowledge you have of real estate in general, and it also depends on how much knowledge you have of the local real estate market you are selling (or buying) in.

What if you have a three bedroom, 1 1/2 bath home, and you have 1400 square feet? How much do you know that you can sell your home for? Remember the rule of three when you are valueing your home?

1. Compare it to other homes in your neighborhood.
2. Those homes should be homes that have sold, not those that are on the market now.
3. The sold homes have sold recently, in the past six months.

Where do you get this information? Go knock on doors of homes that have sold? Do you boldly go where no one (except the new owner) has gone before, and ask how much they bought their home for? If I was a new neighbor and someone asked me that question, I would feel uncomfortable telling them that information. Isn't that private?

No, not if you know where to go for public information.

Who has that kind of information?

Your local real estate agent (or an appraiser, for a $100 - $500 fee).

What if your home is in the Knolls Vista area and is in average condition? You could probably put your house up for sale for $135,000.

But what if your home is on the water, and you have amenities such as a boat lift, boat launch, a gazebo with a jacuzzi, a two-car garage, and two beautiful, tall trees in your front yard with 300 spring bulbs planted all around? How much should you market your home for now? Well, what part of the lake is your property on? Do you have low bank, high bank, or no bank? All of these things come into play for valueing your property. What if you value it too low? Say, $299,000. Or too high... $999,900?

Statistics show that people who sell their homes on their own can get good prices. However, they typically get a better price for their home when they list it with a realtor.

So, call us at Gary Mann Real Estate. Ask for Connie. I'd love to help you.

Connie Suehiro
Gary Mann Real Estate
Moses Lake, WA
509-431-5804 cell
509-765-3463 ext 110
www.GaryMannRealEstate.com

Need: 300 to 1,000 acres of contiguous land with power and water, fishing and hunting rights, for up to $1,000 or less per acre, for recreational personal property buyer.

No comments: