We determined earlier what fair market value meant in reference to selling your home. The price that you can expect to get from your house within a reasonable amount of time. So before you decide how much to sell your home for you need to consider several factors.

Time of Year

When are you planning to sell? Certain months of the year reap better home sales. Families move and relocate over the summer, often after school is out. Vacation time and pleasant weather make the warmer months easier for moving. Having a house on the market in the dead of winter might not bring as much money.

Where Are You Located?

Where is your house located and what will the market bear in your area? A large bustling city where houses are at high demand will cost more money than those in an obscure small town. Check around your community and see what houses similar to yours have sold for in the past month or two.

Prices can even differ from neighborhood to neighborhood. A well maintained, safe community will sell faster than one which is run down and considered dangerous.

Economics

Local economy is always a factor when selling a home and one that cannot always be controlled. How well the economy is doing will make a difference in whether or not consumers are buying homes. You cannot always choose when to sell your home but you need to realize the economy can make a difference.

Extras

Things like your proximity to good schools, parks, or hospitals can be a factor, too. Many families with school age children are seeking locations with reputable schools nearby. Proximity to the work place can make a difference, too.

If your house has extras, such as a fire place or swimming pool, these can add to the price of your home. On the other hand, if your house needs repairs or work done you will need to reduce the price accordingly. Deducting costs for repairs typically means multiplying those repair costs by at least two or three times their market cost.

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