If you’re thinking about putting your home on the market, one of the first things you’ll need to consider is how much you can get from it, particularly if the housing market is struggling in your area.

Your Realtor can give you the best information on pricing, but there are a number of other options out there as well.

If you’ve decided to list your home with a Realtor, he or she should be familiar with housing sales in your area. What they need to know is how much houses similar to yours in your area have gone for and why they go for that amount, they need to have quick access to this information. If the Realtor you’re considering for your listing can’t assist you in setting a reasonable and negotiable price – one that doesn’t price you out of a potential buyer’s market, but still leaves you room to bargain – then you might consider talking to another professional instead.

Private sales are also popular because people do not want to pay for Realtors and with lots of research and study on the market in your area it is very achievable.

A good judge of the price of your house would be to see if a similar house has sold in the same neighborhood. Many neighborhoods built by developers are filled with homes that are, with a few cosmetic exceptions, the same. There are several ways to find out if a property has sold. Talking to the owner is the easiest way or talking to the previous owner. Contacting the Realtor or going through old newspapers to find the price is another way. House sales are public record so go to where the information is stored and research it if none of the other options work.

Another way is to look at real estate ads and find homes similar to yours to see their prices. It is great for an estimate but does not give you a professional comparison between your house and the exact street and neighborhood where your house sits.

You can look up property values and see how they compare to each other in most cases. Comparing the value of your house to another in your area can be done by the tax listing of your local area online. While tax values are not always market values, if your home has a higher tax value, it should also have a higher market value. There are other localities that include everything you need to help value your home including; types of porches, side features, heat, construction dates, etc.

Just price high if in doubt. You can always negotiate down, but it’s almost impossible to raise your price without pulling it from the market for a while and starting over.

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