Unfortunately, sometimes you just can’t seem to come up with an accurate selling price on your own. Even with the assistance of your realtor, sometimes you cannot come up with that price, because the realtor cannot come up with that info.
So what do you do then? That is when you think seriously about hiring an appraiser. An appraiser will give an accurate amount that the home should sell for. Banks use appraisers to approve mortgages, knowing that the value they put on a house will be a good value that will protect the bank in case of a foreclosure. You can use this appraisal number to set your price accurately, being confident that if you do come up with a buyer at that price then they will be able to get their mortgage through the appraisal process.
We had a case one time, the home was well over a hundred years old. It was in decent but not great shape, the problem was there was nothing in the town anything like it that had sold in well over a year. So how can we possibly set a price?
I suggested to the seller that she invest three or four hundred dollars into getting a professional appraisal, which she did. The appraisal gave us a number and we went slightly over that number and an offer came in which matched the appraisal perfectly. The house is sold quickly, the seller got a great price that she was happy with.
So in case of extreme indecision about setting price, invest a few hundred dollars into getting a professional appraisal. iI can only help you.
