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5 Factors to Think About When Pricing Your Home


A real estate agent can help you accurately price your home for a quicker sale.
Posted: November 08, 2018 by Rebecca Nutt

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.

Thinking now's not the time to sell your home? Think again! Check out why you should
sell your home this fall or winter.
 

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.

If you're looking to sell your home, contact a Coldwell Banker Hearthside agent today to get started. They can help you with all your real estate needs. 

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