Do you know how price a home?
One of the best ways to determine the asking price of your home is to look at comparable sales.
When you put your home up for sale, 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 5 Criteria to look for.
- 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.
One more tip…
If you’re thinking of selling your home, call me, I can provide you with a comparison! 970-985-8555
It’s important to have a skilled and compassionate agent working in your best interest.
Whether you are buying your first home, downsizing, relocating or selling; I’m dedicated to help you reach all of your real estate goals.
The team at Kate Porras Properties in Grand Junction, Colorado is passionate about providing unparalleled professionalism, guidance and service.
Our local expertise and outstanding service will guide you during the buying/selling process – making it as simple as possible.
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