Pricing your correctly is important to sell your home in a reasonable time and to make sure you do not price your home below the true market value. 1st Option Realty gives all sellers full freedom to price their home how they want. Because we are charging a small flat fee for listing your home, 1st Option Realty will never pressure you to price low for a quick sale. Listing agents charging full price commissions often press sellers to price low so they can get their large commission faster. You can start out at whatever price you decide upon and then make any price adjustments during the listing period.

Before setting an asking price for your home, you should strongly consider obtaining factual market data to assist you. Several sources of information provide you with an opportunity to review and evaluate the facts before making a final decision on the asking price of your home. 1st Option Realty offers many options for arriving at the correct market price for your home.

1. Use the Internet to do Your Own Research

Your own research! Make believe you are a buyer and visit Homestore.com, the main Realtor site that lists homes for sale. Select "Find a Home" and search for a home similar to yours. Find out how many homes are available for sale in your neighborhood and how those homes are priced. Picture how your home would compare to the other homes when it is listed with them on theInternet. No one knows your own neighborhood better than you!

2. Try a Free Automated Valuation Service

HomeGain.com will give you one free property report that we have found to be one of the most accurate available for free on the Internet. You will receive a list of similar homes that have sold in your neighborhood over the past twelve months along with a brief summary of the details of your home.

3. Pay for a Detailed Automated Valuation Services
HomePrice.net offers one of the best values on the Internet for accurate valuation estimates for your home and the surrounding neighborhood, schools and local business services. You will be able to make this report available to buyers at your discretion if you feel it is accurate. The cost for this service is $24.95 plus tax.

4. Obtain an Appraisal Completed by a Licensed Real Estate Appraiser

1st Option Realty can arrange for a complete Uniform Residential Appraisal Report, which includes an interior and exterior inspection of your home. This is the most comprehensive appraisal available. This report is highly recommended if you have substantially remodeled your home since purchasing it since the automated valuation services will not pick up on these improvements in estimating the value of your home. The cost for this report is $200 ($400 for multi-family properties depending on the property type andestimated value and location. In the event that your buyers chooses Residential Finance Network, an affiliate of 1st Option Realty, for their mortgage financing, Residential Finance Network will reimburse you for the cost of the appraisal at the closing of your home.

Finally, if after completing the steps above you are still not sure how to price your home, you can contact a 1st Option Realty Realtor to review the data and suggest an asking price.