Some Lakeland Fl homeowners are still wondering if their home for sale is priced right even after they have their home appraised.

1. Setting the Right Price for Your
Lakeland Fl Home For Sale
Authored by: Petra Norris

2. Setting the Right Price for Your Lakeland Fl Home For Sale
Some Lakeland Fl homeowners are still wondering if
their home for sale is priced right even after they
have their home appraised.
They have reason to feel this way since a home
appraisal, although usually accurate, may
sometimes not match the current market value.

3. Setting the Right Price for Your Lakeland Fl Home For Sale
The best way to find the most reasonable selling price of your
Lakeland home based on the current market value is to look at
comparable sales in your neighborhood for the past 6 months. These
homes should be closed sales, and not ones that are still actively
listed on the market. The value of your home should not depend on
what another Lakeland Fl homeowner is hoping to get for theirs, but
what they actually do get for it once the sale is closed.

4. Setting the Right Price for Your Lakeland Fl Home For Sale
Most homes in your area may not be entirely the same as yours, so you
need to put this in consideration. Some homes may be priced a bit higher
than yours since they have a 2-car garage compared to yours which only
has one. Or your home may sell at a little higher than your neighbor’s
since your home has brick siding instead of wood.
One useful tip is to look at photos of comparable home sales online and
make a comparison of each room, like the kitchen and bath, alongside
your Lakeland Fl home for sale.

5. Setting the Right Price for Your Lakeland Fl Home For Sale
If you are working with a Lakeland Fl agent, they will be able to give you a CMA or
Comparative Market Analysis wherein they search for homes that have sold in your area
to get a good idea of the right selling price for your Lakeland Fl home. Some realtors
include home sales from the previous 6 months, while others go back a full year. The
more recent data on closed home sales you can get, the better.
Once you get a reasonable market value for your Lakeland Fl home, price it a bit higher
so you have room for bargaining. Be careful not to price it too high, though, since you
might price yourself out of the market for your type of home.

6. Setting the Right Price for Your Lakeland Fl Home For Sale
Most sellers these days give a “seller concession,” which is the money that the seller
contributes towards the closing costs of the buyer. The maximum concession for most
loans is 6%. You should be prepared for buyers who might ask for this concession in their
offer, so factor that into your home’s asking price as well.
Don’t be offended by low bidders. Everyone wants a bargain nowadays, so be prepared
to counter offer. If you are selling your Lakeland Fl home in the hopes of buying another
home, then you will also be on the other end of the deal pretty soon and you will also be
hoping to find a good bargain as well.

7. Petra Norris Realtor®
Lakeland FL Homes for Sale
CDV TransAtlantic, Inc.
PO Box 92050, Lakeland, FL, 33804-2050
Office Phone: (863) 619-6918
Cell Phone: (863) 712-4207