5 Criteria For Pricing Your Home

5 Criteria For Pricing Your Home

First, get a realtor. 

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.


Thomas Munderloh Headshot
Author:
Phone: 608-385-4132
Dated: September 20th 2019
Views: 130
About Thomas: Thomas Munderloh http://thomas.myhomewisconsin.com/index.php (My Website) Facebook Agent wi...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

It May Be Cold Out There But The Market Is Still Hot - 5 Reasons to Sell This
Oct 28 2019 53828 1 -  BackLooking for?
Condo For Sale Near Madison - Fantastic Condo in Verona for
Which Down Payment Is For You - WHICH DOWN PAYMENT STRATEGY IS

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Great Day Real Estate
700 Moore st Baraboo Wi. 53913
baraboo, WI
608-356-0120