What is a reasonable percentage/amount to ask above an appraisal amount for a house I am selling?

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What is a reasonable percentage/amount to ask above an appraisal amount for a house I am selling?

2006-06-06 11:49:20 · 3 answers · asked by Clare R 1 in Business & Finance ➔ Renting & Real Estate

3 answers

The houses listed BELOW their appraised value are the ones that sell first - that's what buyers are looking for.

2006-06-06 13:06:45 · answer #1 · answered by YeahWell 5 · 0⤊ 0⤋

Most mortgage lenders will not finance a buyer for more than a property appraises for. Figure in what it is going to cost you to sell (broker fees, doc stamps, etc.) add that to what you may still owe on the property. Make sure you leave room to negotiate.

2006-06-06 19:22:26 · answer #2 · answered by Sharingan 6 · 0⤊ 0⤋

Appraised value doesn't necessarily equal market value. Ask a local Realtor what the market value of your home is, and what they would recommend listing it at.

2006-06-06 19:30:52 · answer #3 · answered by SndChaser 5 · 0⤊ 0⤋