When you put your home up 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. Here are five criteria to look for 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.
Author:William Culler Phone: 580-678-5671 Dated: June 13th 2018 Views: 744 About William: ...
View our latest blog posts in your RSS reader. Click here to access.
William Nelson & Co. is a real estate brokerage where our sales team makes sure every detail of the buying or selling process is attended to. Your goals, not ours, are the priority. We don’t buy real estate we sell real estate. That’s what we do. We are a top-performing brokerage for good reason.
Interested in buying a home? Often times the steps to purchase a home can be overwhelming. We will be there every step of the way to ensure the buying process is an enjoyable experience.
Needing to sell your home? We utilize the most modern real estate marketing tools and techniques to make sure your home is positioned to be seen, shown and sold.
Please contact us to ask any questions or set up an appointment. We look forward to meeting y ou!
When you’re getting ready to list your home, it’s of the upmost im
"Anyone looking for a home needs to have Nelson as their realtor! My boyfriend and I went through 2 different realtors before we were referred to Nelson! He didn't force us into anything we didn't like and he was always on top of things. He was always ready to show us houses and helped fit our crazy schedules! He made our experience as first-time homebuyers easy and painless! I will refer any and everyone to Nelson!"