If you have decided to put your home on today's market and are looking for a fast and profitable sale, you may be wondering how you should price your home. If you price it too high, you may see your home on the market for a while to come. If you price it too low, you may not get the profits that you are looking for. In any case, asking yourself a few simple questions can help you know how to price your Alabama real estate so that you have the fastest sale, while making the most money.
What are the homes in the area selling for? Do some research in the way of homes for sale in your neighborhood. Not only will their prices affect your own, but the number of homes on the market will also affect how you need to price yours. You should know what other homes are going for, and if they are selling at those prices.
Does your home need repairs? If your home is in disarray and needs a new furnace, you won't be able to ask top dollar for it. Often, it is more profitable to make any repairs and then place the home on the market, rather than ignoring them. Chances are the buyer will notice and want the repairs done, or a discount on the asking price.
Pricing your home may be daunting. If you still have questions, contact an experienced realtor who can help you maximize your home's worth.
RE/MAX of Alabama (http://www.remax-alabama.com) is a real estate brokerage that specializes in Alabama real estate. Billings Farnsworth is a freelance writer.
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