Sources of recent selling prices:

• The Comparable Market Analysis (CMA) you received in interviews with neighborhood real estate agents. See a sample CMA
• Find recent neighborhood prices on the Internet.
  
  • Ditech.com, provides a free on-line appraiser that estimates your home's current value and your equity.
  • Domania.com For $29.95 Domania provides sales prices for recently sold homes in your neighborhood or on your street.
  • HomePrice.Net For $29.95, the people at HomePrice provide a CMA type price analysis, plus a report on school quality and other neighborhood information that can help sell your house.
    
  • Zillow.com Free, Zillow provides the tax assessed values of homes on your street. This is great for comparing neighborhood home values, but the tax assessed value is seldom as large as the selling price. In some states the tax assessed value is typically 40% of the market value.
    
  • New York Residents: NewYork-Data.com provides a free database of recently sold homes organized by zip codes.
• House Value.com will forward your information to a local real estate agent who will provide a price analysis (and ask you to let him sell your house).

Steps to setting price (when you have a list of recently sold homes)

• Check off the homes most similar to your own in terms of size and number of rooms.
• Walk by and view the selected homes. Decide if the lots are bigger or smaller than your own. Is the general condition better or poorer than your house ?
• Set you asking price higher or lower than the selected homes based on your observations.

Other sources of Pricing help:

• Home appraisal: - For a fee ($250 - $350 in the Atlanta area), you can hire a real estate appraiser to put a value on your home, based on its condition, plus past sales of comparable homes. This appraisal can be used to help justify your price when negotiating with buyers.
  The Appraisal Network will help you find a local real estate appraiser. (If that fails you can find appraisers in your local phone book.)
• Engineer's Inspection: If you suspect problems with the roof or other major components such as the plumbing or heating system, you can hire a professional home inspector (for $200 - $300) to assess the condition of your home. The engineer's written report will arm you against similar reports prepared by inspectors hired by prospective buyer's.

• Next Step: Consider the financing terms you might offer a buyer