• About

Twyla Rist & Associates Blog

~ The Best in Real Estate News

Twyla Rist & Associates Blog

Daily Archives: October 13, 2019

5 Criteria for Pricing a Home

13 Sunday Oct 2019

Posted by Twyla J. Rist, Twyla Rist & Associates in 1

≈ Leave a comment

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.

  1. 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.
  2. 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.
  3. Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.
  4. 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.
  5. 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.
October 2019
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun   Nov »

LIKE US ON FACEBOOK

LIKE US ON FACEBOOK

RSS Featured Listings

  • GREAT HOME IN EASTRIDGE MEADOWS

Blog at WordPress.com.