6 things to do before putting your home up for sale (Part 3) - by JENNIFER V.
Here is the third part of the 6 things to do before putting your home up for sale:
Pre-appraise your home
Jon Rosa, owner of Palisades Appraisals, said he is doing more work for sellers requesting appraisals of their homes. In some cases the request comes from the real estate agent who needs to get sellers to open their eyes to the reality of the market.
"A lot of times the broker has to talk the seller into having an appraisal done because they are so far off on price," he said.
About a year ago, he worked with a broker on a home in Franklin Lakes. The sellers were insisting on a $3 million price tag; Rosa said it should be $2.1 million. The sellers didn't budge, and the property remains unsold.
The other customers Rosa said he is seeing more of are sellers who want to work without an agent and need a firm idea of how they should price the home. Usually, for-sale-by-owner properties are in a range of $800,000 and under, he said.
"They're trying to save that 5 or 6 percent commission and do a sale by owner, so they need to know what to sell for," he said.
A prelisting appraisal for a for-sale-by-owner home will cost $300 to $400. If the home is larger and more expensive, it can cost upward of $1,000.
If you need to know the rest of the suggestions, you can read all 6 items here.
Don't hesitate to let our office know how we can help you.
Don't hesitate to let our office know how we can help you.
-Daniel Barli, Esq.
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