When you put your home on the market for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing
Price Your Home Right And Get It Sold Quickly
When you put your home on the market for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area.
Look For These 5 Things in a Sales Comparison
Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.
Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.
Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.
Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.
Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.
We're in a Seller's Market!
If you've been thinking about making a move, this may be a good time for you to sell. We're in a Seller's market, inventory is low, and homes are in demand. This means that home values are on the rise.
A Proven Strategy for Getting You Top Dollar...
Call me today, and I'll give you an estimated market value of your home. I bet you'll be surprised to know what your home is worth in today's market. And when you're ready, I will walk you through the process and make sure you get top dollar for your house!
Your friend in real estate,
Farrah La Pan, REALTOR®
Latest Blog Posts
There are times when it is better for a person to rent, but most often home ownership has many more benefits and advantages... When considering home ownership, you need to weight the advantages and