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5 Criteria for Pricing a Home
Posted by Sam in Featured Property, Local Experts, Real Estate, Selling a Home
When you decide to 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.
Homes compete with other homes! Since Location is ALWAYS of primary consideration while buyers are comparing your home to others on the market, understanding the local dynamic of properties is also key – Age, builder, yard size, updates, deferred maintenance, traffic, environmental factors and yes schools. Data alone does not tell the whole story so location of the agent should also be a primary concern hen requesting a competitive market analysis. For best results, keep it local!