5 Criteria To Look For When Pricing A Home

Dated: July 19 2019

Views: 148

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.

So are you ready to buy or sell? Call or text 907 570-6757 or 907-720-4663 so we can help.

Blog author image

Vanna & Co. Real Estate

Vanna has called Alaska home for the past 15 years. As a mother, real estate investor and previous business owner, Vanna brings many different perspectives when working for her clients. She has been a....

Latest Blog Posts

How to Keep Molds Out of Your Home

Mold is the last thing any homeowner wants to find in their home. It's not only unattractive and stinky, but it also poses a major health risk to you and your family. Checking gutters and

Read More

Numbers Don’t Lie – It’s Still a Great Time To Sell in Alaska

Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC]Some HighlightsHeading into the end of the year, you might wonder if it’s still a good time to sell your.

Read More

Knowledge Is Power When It Comes to Appraisals and Inspections in Alaska

Knowledge Is Power When It Comes to Appraisals and InspectionsBuyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s

Read More

Tips on Making A Peaceful Home

Many things in our world are beyond our control, but your home environment is one of them. There are a number of easy improvements you may do to bring some much-needed tranquility into your home.

Read More