When it comes to selling your home, there are a few different ways to go about it – namely, working with a realtor or being a for-sale-by-owner (FSBO) seller. As a FSBO seller, there are many things you’ll have to consider, one of them being the value of your home. So, how exactly do you figure out what your home is worth and what you should list it for? Well, our team at Evergreen Home Buyers has compiled 5 tips for determining the value of your home as a FSBO seller to help you set the right price and get it sold asap!

1. Research Neighbourhood Home Prices
A great place to start when determining the value of your home is to research neighbourhood home prices in your area that are currently on the market or have recently sold. You’ll want to try and find properties that are similar to your own. For example, if you have a multi-level family home with a detached garage, you should try to find similar homes nearby to yours to help gauge the price.

2. Consider Unique Elements
Although it’s a good starting point to compare your home to others on the market, you’ll still want to consider the unique elements in your home that set it apart – both positively and negatively. Ask yourself questions such as: does my home have updated appliances, or are they outdated? Does my home require repairs, or is it in pristine condition? What are my property’s biggest selling points and drawbacks? This type of questioning can help you better hone in on a price as a FSBO seller.

3. Determine Your Timeline
Determining your timeline will be a significant factor in setting your listing price as a FSBO seller. If you need to sell your home quickly, you’ll want to opt for a lower listing price to garner attention and interest. However, if you’re not concerned about selling your home quickly, then you could even price it a little above market value. This is why knowing a ballpark figure is so important because you don’t want to wildly over or underprice your listing in an effort to get it sold.

4. Get an Appraisal
Even though getting an appraisal from a professional appraiser will cost you between $300 and $400, it can be extremely beneficial to help value your home accurately and give you that competitive edge in the market. An appraiser can even provide an official document to validate your home’s value, proving you’ve completed your due diligence during the price-setting stage.

5. Set Your Price
When you’re finally ready to set your price – try not to overthink it! Once you’ve completed the above checks, set a price you’re satisfied with and that you think will appeal to potential buyers. You can also conduct ongoing research on platforms such as Zillow to keep an eye on the market throughout the process. And remember, you can always change the price later if your home isn’t selling or if a bidding war begins!

Final Thoughts
We understand that selling your home as a FSBO seller is an exciting, albeit stressful, time. So, if you want to skip the hassle altogether and just get your home off your hands, why not consider selling it to a team of professional home buyers?

At Evergreen Home Buyers, we will purchase your home AS IS, making the process entirely hands-off for you with no repairs, inspections, appraisals, or contingencies necessary. Plus, we can close in as little as two weeks! So, for a completely quick and painless way to sell your home for cash faster, visit www.selltoevergreenjax.com today.