The best method to sell your house is to correctly price it.

What many people do not understand is it really does not make a difference what you think your home is should be worth. The buying public will decision the value no matter how you feel or what you think your home is worth. Price the home to high it will remain unsold until prices increase enough to show as correctly priced. In a declining area you simply will not be able to sell your house.

Here are some methods for pricing your home:

* Do not go by what you paid for the property. Perhaps you move in three years ago and the local values were moving up at a fast rate, and since then things have started to slow down. Maybe homes like yours can are priced for less, and if you’ll just waste your time waiting for prices to match yours.

* Don’t decide your home’s price on how much you upgraded. A given area will support only a given value which means if you over improve the house you may never see those improvement reflected in the price of the home.

* Don’t go by your tax assessment figure. Even in areas that look at full-value assessments, the amounts are rarely in line with what buyers are currently purchasing homes for.

So what is the best method fro priceing your property?

By putting yourself in a buyer’s position.

Is there anything else for sale in the area? Does it compare with your house and if so in what ways and how does it differ? How long has it been on the market and did it have any proce reductions? What has sold in the area, and how what did the market value it at? What did not sell in the past year? Your local Realtor will be able to get his information for you and help determine the correct price.

So your best bet is to get a CMA or Comparative Market Analysis on your home done by a Realtor. Most Realtor will do this for free, you may find it a real eye opener.