How to price your house when selling

Selling a home today can be difficult. You'll hear all around that it's a buyer's market, that most houses have decreased in value and you probably won't be able to sell it for as much as you paid. True or not, there are some steps you can take to ensure that you price your home at the sweet spot between a good deal for a buyer and the best deal you can get yourself.

The first thing you may want to do is a little research on the area. For example, the current median home value for Katy, TX real estate is listed as $162,107, according to HomeInsight.com, but depending on the neighborhood you want to live in, average prices can vary. Discovering what other, similar homes in the area are selling for will give you an idea of where to start when pricing your home. Discuss the price with your realtor, who should have an idea of what a house like yours will sell for in this market.

Consider hiring a home inspector of your own to get an idea of what shape your home is in. You don't want to be caught in a situation where you didn't account for damage while pricing the house. You'll come across as dishonest, and it'll be harder than ever to sell your home.