5 CRITERIA FOR PRICING A HOME to SELL

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.

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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. Amenities are very important and might be a factor in a buyers choice of areas. 

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. Realtors have a vast source of audited information that gets the best pricing information to their clients.

I was looking at a property for a client that a non-licensed seller had put a value on a home that was $35,000 higher than you could get for the area based on recent sales. That is a lot of money and you need to know the correct information to make a good decision. 

Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics. Basements and Garages are also a factor in a home sale. Bathrooms can sometimes be worth a lot of money if their are comps to support the value. 

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. This is especially true when you get into higher end homes. Buyers expect a newer updated home that has all the bells and whistles with it. 

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.There is usually a lot of updating and repair that needs to be done on the homes to bring them up to today's standards. That cost money to do and should be reflected on the sell price.  

Need to Sell your home check out my new Flat FEE Listing package in the video below. 

Need your home SOLD, I've Sold 1000's call me 216-703-5740 EXP Realty Ohio or 602-363-6551 EXP Realty Arizona  

I want to list my Home with your FLAT FEE listing package, 

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