Selling Tips "For Sale By Owner's" in East Greenwich

How to determine Current Market Value of Your East Greenwich Home

"How to determine Currrent Market Value of your East Greenwich RI 02818 or Rhode Island Home" By Realtor, Emilio DiSpirito IV - Weichert, Realtors - Cress and Company

The 'secret' (local, accurate information) to determining your homes' value starts with the following steps:

Please note that the words hyper-linked will take you to local information resources that you may use to determine your homes value.

Determine your market. 'Market' meaning not only Rhode Island, but East Greenwich or Barrington, etc. Let's take it a step further and talk neighborhood (Hill and Harbour or Slatersville and so on) in order to get the most accurate information.
What type of home do I own? Colonial? Ranch? Cape? Contemporary? etc.
Determine your lot location. Are you near a school, on the water, have conservation land in your back yard, live near power lines, etc.? How desirable or rare is your land? No two pieces of land are ever the same or equal in value.
Find your comparable homes. "Comps" are homes in your neighborhood that are the same type, contain the same amount of baths and bedrooms, garages, etc. Your 'comp' should have a kitchen that resembles yours i.e. stainless steel appliances with granite counter tops, oak cabinets and breakfast nook and so on.
Locate 5 homes of the same type within your neighborhood that are currently listed for sale.
Locate 5 homes of the same type that are pending sale in your neighborhood.
Provide details on 5 homes of the same type in your neighborhood that sold in the past 30 days.
Add all 15 comp home prices together and divide that # by 15. This is a rough estimate of your fair market value. There are a number of legal, zoning, rarity of land, scenic views, surrounding neighborhood and other variables that affect each lots value.
Note: Full time Realtors have tools and knowledge that the public can not easily obtain or access to professionally determine an accurate price for your home. Contact Realtor Emilio DiSpirito to prepare a free Price Trend Analysis for you
Start your "COMPS' Search Here.

While a number of homeowners have successfully sold their homes without an agent, here are some things you may want to consider before you move forward.

A Realtors commission depending on services offered can be approximately 6% of sale price.
The median selling price with an agent is 16% higher (or more) than when homes are sold directly by an owner, leaving you with more profit even after paying commissions, taxes, associated expenses, etc. "FSBOs accounted for 10% of home sales in 2011. The typical FSBO home sold for $150,000 compared to $215,000 for agent-assisted home sales." -Realtor.Org
Direct buyers intend to pay less.
Owners pay all advertising expense and get lost in the mix.
It usually takes home owners longer to get the sale resulting in extra taxes, interest, utilities, insurance or hotel/apartment rent OR "Cost of Waiting".
Owners usually pay higher attorney fees... even if sales don't go through. When sold through a Realtor - attorney checks our work. When sold by owner - attorney does the work and bills accordingly.

As a full time Realtor, centrally located in East Greenwich Rhode Island, I'm committed to getting you the highest price with the least amount of stress. With a 30 minute consultation, we will have the information needed to provide you with a free Price Trend Analysis. Call/text 401-359-2338 to book appointment.