Competitively Pricing Your Home For Sale

If you are ready to put your home on the market, your best source for determing the asking price is other homes that have sold in your neighborhood.  The ideal comparable sale would be the same model of your home on your street or in your neighborhood that has sold in the past month or two. 

However, if that is not an option for you there are a few things you can search for to come up with a competitve asking price.  Remember, the original asking price can make the difference in twenty showings in the first week of listing or your home being pushed to the bottom for being over priced.

• Home Type - Check for homes that are the same style as your home. This is a very important component.  Check for style, square footage, number of bedrooms and bathrooms, lot size, etc.
• Ammenities and upgrades - If you have a pool, take notice of sold homes with a pool.   Same goes for hardwood floors, built out attic, etc. 
• Date of Sale - To find the most comparable sale, use homes that were sold in the past 90 days. It will give you a stronger view of the market.

Take notice of foreclosure and short sales.  Foreclosure homes are frequently sold with a list of upgrades and maintenance needs.  Short sale homes can be discounted a large percentage to encourage quicker sale activity.  These home may or may not be a good comparable.  Check with your real estate agent for further advice.

Janus Real Estate Group    *    Heather Anderson     *    972-765-3773