3 tips for setting home’s list price

REThink Real Estate
Published on Apr 19, 2012

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by CareyBot

Q: How can I really determine what my property is worth? Here is the situation: An online estimate website says my property is worth $230,000, but my agent says it's worth only $200,000! I'm listed at $225,000, and my price is comparable to other comparable listings. I really get the feeling agents are lowballing sellers to get an easy listing and sale. What's your input on this? --Lee S.

A: The only way to know with 100 percent certainty what your home is currently worth is, bizarrely enough, to sell it! In real estate, we define the value of a home at any given time as the price that a willing, qualified buyer is willing to pay for it, something you can't know until you list and sell it. Without doing that, all you can do is estimate your home's value