5 Surefire Ways to Price your House Right the First Time

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 (comps) to several recent sales in the area. Here are five criteria to look for in a sales comparison to price your house right the first time.

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, views 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.

Today there is some much information at your fingertips that will help you get an idea of what you can sell your house for.  The best way to be sure, is to connect with an agent that can provide you with a detailed report supporting the value of your house.  They are more in tune with the true condition of the houses recently sold and can also provide market trends that show where the market it heading.

Click here to find out what your house is worth in today’s market.