You know, as Realtors, we are asked almost every day, “How much is my home worth?” That’s not a question we can answer without taking a good many factors into consideration.
It’s like me asking a builder, how much it will cost to build a structure. That builder needs plans, specs, schedules, and information about the land you are building on before he/she can give you a good answer.
I, as most good Realtors do, read a good bit about our market and how to improve myself to help you better. I say all this to lead into telling you the real deal… that I borrowed this information from a site I visit regularly. I promise they said it was ok though!
I hope this helps, and for future reference, Premier Properties of Dublin has Marcie Weinhold, Michaela Rowland, or George Best ready and willing to guide you through the process of selling your home. They can do a Competitive Market Analysis (CMA) that will give you the information you need to make a decision on pricing your home. Also, don’t forget, we have Dan Coxwell here to help you with anything property management.
We are here to serve you. Enjoy!
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.
Phil Best, Sr. CRS, GRI
478 278-1819 C
478 274-1606 O