trying to sell their home as a FSBO in today’s real estate market.

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There are several common ways of determining the value of your home.

* CMA – Request a local real estate agent to perform a Comparables Market Analysis.

* Self Appraisal – There are many online sources that will provide you with sales data on comparable homes in your neighborhood.

* Professional Appraisal – Real estate appraisers have access to recent home sales and can accurately calculate a fair market price for your home.

When doing a self appraisal, you should look at 3 things:

* What homes similar to yours have sold for in the last 3-6 months

What were the list and the sold prices?
Were there any seller concessions, such as paying the buyer’s closing cost?
How long did it take to sell the home.
When selecting comparable homes, make sure the age, square footage, style, and neighborhood are similar to your home.

* What similar homes in your area are selling for

Find out the current listing prices of homes in your area by pulling flyers and stopping by open houses.

* What the competition is in your price range.

You need to know how many homes in your price range you are competing against. In a normal market, pricing your home in the middle of the pack is safe. However, if you are in a slow market where homes are taking more than 60 days to sell, pricing your home in the bottom 10 to 20 percent may be necessary. In a hot market where homes are selling in days or weeks, you could price your home in the upper 10 percent.