It can be difficult to sell your home without an agent. For first-time sellers, it can seem like a daunting task. Although it sounds empowering, selling your house on your own can be difficult. There are many things that go into the sale of a home. It’s possible to do it, and it’s easy for thousands of people.
The biggest fear you may have about selling your house is losing your money. What is the right price to sell your house? The fair market value of a home is what you would get if you sold it on the same day. You might get different estimates from different realtors and estate agents. This value could be very different. You don’t have to believe what they say.
You are not the only one who doesn’t know how determine the value of your home. Many homeowners don’t know the true value of their house.
Do not be an average homeowner.
How to determine the true value of your home without an agent.
Factors used to determine the home value
- Localization
- Safety
- Number of rooms
- Curb appeal
- Square footage
- Type of property
- Age of the property
- Upgrades and improvements
- Market trends
- School district
- Construction and repair
Online valuation tools
Many websites, such as Redfin, CoStar and Zillow, can provide an estimate of the value of your home. These sites can be used along with other methods to get a rough idea of the market value of your property. You must provide accurate information about your property in order to get accurate results on these websites. It is possible to include any remodeling or upgrades that were done after the purchase of the property.
Square footage
This is an easy and effective way to determine the value of your home. Find similar properties that have recently been sold in your local area. These properties will be comparable in size, features and square footage to yours. Add up the sales prices of all properties and divide it by the number. This will give you the average sales price. The same process is repeated for the square footage. Divide the average square footage by the median sale price to get the average value per square foot. Add the average value of each property per square to determine the square footage of your home. This will give an accurate estimation of the fair market price of your home.
Sales price = Total sales price for all properties/total number of properties.
Mean square footage = Total square footage for all properties/total number of properties
Value per square foot = Average sales price / average square footage
Market value = Per Square Foot Value * Area of your home.
Conduct a market analysis
A market analysis is usually done by a realty agent to help you determine the value of your house. However, if you sell your house yourself, you will need to do a comparative market analysis. You should research the market trends and the prices of similar properties in your area to ensure that your price point is fair. To get an estimate of the value of your property, compare it to similar properties in your area in terms of features.
