Selling – 5 Criteria for Pricing Your Home

Oct 19, 2020 | Blog

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.

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