5 Criteria For Pricing A Home

5 Criteria For Pricing A Home

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.

  1. 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.

  2. 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.

  3. Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.

  4. 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.

  5. 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.

These are also things to consider when submitting an offer as a buyer looking to purchase a home.

Call me today for a comparative market analysis!

Andrea Payer

Real Estate Consultant
Blake Real Estate

M | 727-281-1368

O | 866-867-4063 Ext 105

andrea.payer@blakerealestate.com

payer.floridapropertytours.com

www.blakerealestate.com


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Phone: 727-281-1368
Dated: April 4th 2018
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About Andrea: Born and raised in lower Michigan, I moved to Minnesota shortly after marrying my husband. As the y...

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