If you need to sell a house with a lot, but you do not want to do the valuation yourself, afraid to put a very low or too high price, then you can use the help of real estate agencies.

To do this you find an experienced realtor and ask him for a fee to determine the value of your property.

Remember that real estate agents only determine the market value of the house.

They use several valuation methods to do this:

Analogical – the 3 transactions already conducted in your area in the last 6 months are taken into account. In this case, the characteristics of the houses are similar. That is, based on the already sold lots, a price is formed for your property.

Cost-based – suitable for newly built homes. To determine the value of the house, all the costs of its construction are summed up.
In practice, a comprehensive appraisal is used to evaluate real estate.

To find out the value of a house with a plot, the market is monitored, then the average price of the house is determined and the average price of a hundred square meters of land is determined.

How to appraise a house on your own?
If you want you can evaluate your property without hiring real estate agents. We suggest you use a comparative analysis method.

In printed publications or online resources, find 10 houses and land with similar characteristics.
You call them all and go to see them. This is necessary to eliminate the “bogus” listings. We will focus only on real estate.
For each house do the following calculations:
Price of the property (homes)/Total square footage of the house = Average cost per square meter.

Compare all the data you received and cross out the cheapest and the most expensive option.
Calculate the average cost of 1 sq. m. all objects.
(Price of 1 property + Price of 2 properties +…)/(S 1 property + S 2 properties +…) = Average price

Determine the approximate value of your home.
Average price of 1 sq. m. *S house = House price

This is a rough estimate of the value of your home alone, but you should consider that there are a number of factors that can increase or decrease the value of your property.

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It’s not just a matter of setting a price, finding a good agent, and keeping the place clean when it’s shown. The law affects every stage of the process – you can help yourself by knowing your rights.

Frequently asked questions about selling a house

What legal documents do I need to have before putting my house on the market?
Do I need a real estate agent? Do I need a lawyer?
Legally, what is an offer?
What is usually contained in a purchase and sale agreement?
What happens during the closing?
Where can I get more information?

Real estate law requires a lot of paperwork. Before you sell your house, make sure you have the following documents on hand

a plan or survey of your property
Deed or your mortgage agreement
the latest real estate tax bill
HOA documents if your home is a condominium
Homeowner’s association rules and meeting schedule (if available)

You will have to decide whether to use a real estate agent or sell your house yourself. An agent will usually charge you about six percent of the purchase price when your home is sold. You can find a reputable real estate agent through a professional organization.

Whether you decide to sell your home yourself or not, contact a lawyer before you sign a listing agreement or get an offer. Also, make sure you understand and comply with your state’s disclosure laws, as well as federal and state fair housing laws.

Generally, if someone calls you on the phone and offers to buy your home, it is not a legitimate offer. An offer is usually a written document that becomes a contract of sale if you accept it. Therefore, it is important that it covers all the important details of the sale. The offer should contain

the purchase price
the amount of the down payment
desired closing and possession dates
an indication of whether the buyer is applying for a mortgage and the terms of the mortgage
an accurate list of items included in the sale, such as household appliances, curtains and fixtures

The buyer can include an inspection clause that cancels the contract if the building does not pass a professional inspection that covers

pests
radon gas
structural strength
plumbing
electrical systems

The buyer pays for most inspections, although many states require the seller to pay for a termite inspection.

Ask your attorney to review the offer before responding to it. An offer may indicate the beginning of negotiations on price, tenure, and other details of the sale.

The buyer’s down payment is placed in an escrow account until the transaction is finalized.

Once you agree to sell, the terms of your contract will be clear. A contract is an agreement between two parties that defines who does what and who gets what. It can contain anything legal that both parties agree to.

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Is it time to sell your home or apartment in the U.S.? Where do I start when selling real estate? The most important questions a real estate seller must answer:

By yourself or with the help of a broker (realtor)?
For how much? What is the value and how do I determine it? How?
How much does it cost to sell real estate and whose services may be needed?

Your property, in addition to your neighbors, will very quickly be seen by other brokers and “bring” buyers to you. A “for sale by owner” sign will certainly interest a buyer, but only if they see it. Usually buyers work with realtors (because buyers don’t pay for it) and realtors usually don’t want to mess with “for sale by owner” – because they run a great risk of not earning anything on this deal…

A very important, complicated and painful issue. The price has to be real. How to understand what the real price is – CMA. What is CMA (comparable marketing analysis) – a comparative market analysis. Does CMA broker (but you can do it yourself). For comparison are taken (closed), preferably over the past 6 months, apartments or houses very similar in type, year of construction and square footage within a radius of one mile. That is, a three-bedroom apartment is compared to a three-bedroom apartment, and a two-story cottage with the same cottage.

Often sellers don’t listen to the broker about the price, and the broker needs clients, and of course he goes along and promises to sell. And then the clients resent the broker for not selling the house. Would you buy a property at a higher than market price? I doubt it, personally in my practice such buyers have not been:). It’s all about money.

Ways to sell. Advertising and other marketing.

MLS – desirable and even mandatory place to put (Multi Listing Service – a database into which realtors enter all that they sell. The database, unlike other resources is reliable and reliable and contains a sufficient amount of information about real estate). Put a property in the database can realtor. Your property will automatically get into the mailing lists of buyers and realtors who are interested in similar proposals. Also, data from MLS is uploaded quite quickly to the favorite places to find buyers Redfin.com and Realtor.com.
If you’re going to try your luck without a Realtor, FSBO (owners.com or FSBO.com) is just what you need. This resource will replicate your sale on many resources: owners.com, craigslist (Craigslist is a good resource for rentals, but not taken seriously for sales), resources such as zillow, trulia. For $400 FSBO will put your property in all of the above and on MLS for 6 months;
Radio and newspaper ads. Sometimes works, especially if the property for sale is in a certain community’s favorite places. The downside is the extra cost;
Open house. Open houses are good for attracting neighbors and nearby residents;
Word of mouth and social networking. Good and appropriate advertising in social networks (Facebook, Twitter) can bring unexpectedly quick results;

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