A: How much do you think that I should ask for my house? B: Well, there are a lot of factors involved in setting an asking price. A: What do you look at when setting an asking price? B: We need to look at the selling prices for similar homes in the area. These will vary according to the condition of the home, specific location, and lot size. A: Do I have to use the comparisons as the asking price for my house? B: No, but a seller is not going to be able to get a loan if the selling price is a lot higher that what an appraiser feels the home is worth. A: Isn't it better to price my house really high and see what I can get? B: You shouldn't set the price of the house unrealistically high. Oftentimes buyers are put off by this practice. A: Can I change my mind and lower my price if the home doesn't sell? B: Sure, you can always lower your asking price.
