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House Values

Throw a Dart Method


The only reason I put this pricing option concerning house values in here, is because in the past we have seen it far to often.


How did you establish your market value Mr. And Mrs. Seller? Well we know what we put into the place.


Been here 8 years and we calculated if prices have increased 5% the last 8 years and we spent $15,000 and you have to add in inflation so....


We figured $325,000 was a good starting figure and.....Here it comes.....


”If it doesn't sell, we can always lower the price later” WRONG, WRONG, WRONG!


Sorry for shouting at you because I know you would never do this. Why do I know? You are researching this site to educate yourself before blindly going forward. You will establish your property market value The Correct Way.


These for sale by owners have about a 99% chance of listing with a real estate agent after their failed attempt to sell. Why bother. They will have wasted time and money.


Please keep in mind that when it comes to establishing house values for resale, it is extremely important to get it right at the very beginning. If you start out too high and you have to reduce the price several times, it looks like there may be something wrong with the property.



If however you under price the home, although you may have a quick sale, you are leaving money behind that you probably could use towards your next purchase.


This page on "Throw a Dart" is short and sweet as there is no real value in choosing this method when establishing a value for your home for sale by owner. There is no reason choose this method, even if you are listed with a real estate agent.


Shall we move on to more fruitful endeavors? OK. All the other choices below have merit, when researching your local market for house prices.


For More Information on Pricing Your House

Neighborhood Research

Using Realtors and the CMA

Certified House Appraisals

Final Decision - Asking Price

Pricing - Main Page



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Douglas F. Cameron Author of this Website


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