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5 Criteria for Pricing a Home

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.

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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Dustin Sartoris

My name is Dustin Sartoris, and I am the sort of real estate agent who will fight for your best interests to the very end. I have had my real estate license for some time now, and I am very knowledgeable when it comes to the area. Whether you are buying your first home or relocating, this is going to be one of the biggest purchases you ever make in your life. You need to get it right the first time, and the best way to ensure that is to work with someone who brings the right level of energy and expertise to your listing. With me, you always get the same devotion and commitment for which I have become known in the real estate industry: you can count on it.
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