You must detach yourself for a short period of time while looking at your biggest asset; your home and of course taking a closer look at sales of comparable homes in your immediate neighborhood.
One common mistake is to expect the price to reflect the expenses you incurred when you purchased your home e.g.; Land Transfer Tax, legal fees etc. The potential buyer of your home will have to pay for those expenses and as a result he/she is not responsible for your share of them.
Another mistake is to build your price based on the improvements accomplished over the years during which time you had the use and enjoyment of the house.
Last but no least, don’t over price your home thinking you can always bring the price down…a capital error! Purchasers loose respect for overpriced listings and statistically these homes “sit” in the market the longest and not always sell for market value.
