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What To Do If You Think Your Home Is Worth More Than The Agent Thinks

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One of the first things a home-selling Realtor will talk to you about is the current value of your house. If you want to sell, you will have to come up with an asking price. Do you go ahead and take the Realtor's advice about the price, or do you come up with a price yourself? If you agree with the agent's recommendation, then you can go with that price. If you feel that your home is worth more than the amount the agent suggested, what are your options? Here are some essential things to understand about this situation.

The Methods That Realtors Use

When a Realtor gives you a recommendation about the value of your home, he or she will likely give you a range. For example, the agent might say that your home is worth somewhere in the range of $230,000 to $245,000. The agent did not just come up with this amount out of nowhere, though. Agents go through steps to determine the values of homes, and they do this by comparing houses and the features of the homes. Agents spend a lot of time working in the real estate industry, and they know homes.

Your Rights When Selling Your Home

When your Realtor gives you a recommendation for the asking price, you can take it or leave it. It is your home, so you have the right to choose the asking price. If you believe your home is worth a lot more than the agent suggests, you can put a higher price on it. The choice is yours because it is your house to sell.

Why You Should Consider the Realtor's Suggestions

If you are not sure what price to ask and are struggling between the agent's recommendations and your thoughts on it, you should consider sticking with the agent's suggestions. Agents know real estate, and they do not mislead people. Instead, they offer suggestions by using the knowledge they have on home sales, and the listing prices they recommend are usually accurate.

One of the worst things you can do when selling is choosing an asking price that is out of line. If the price is too high, you will experience trouble finding a buyer for it. If you want to sell faster and have fewer problems with the sale, choose a realistic price. Talk to a home-selling Realtor for more information on the going rates of homes.