Considering selling your home? You may be competing against your neighbors. Here are some things to look at with an agent before you list:
Always compare apples to apples:
Obviously, every home is different, with specific features that make the home more or less desirable. For example, a three-bedroom house is probably worth more than a similar home in the neighborhood with only two bedrooms, so to determine a house’s value, you should only look at similar neighboring properties, and then compensate for the differences. Does one home have a pool and your home does not? Does one have killer curb appeal, but it’s actually 500 square feet less than yours? Then find the cost per square foot average in your area, and increase your home’s value by that much.
Here’s the basic rundown on what to always compare:
• Square footage
• Age of home
• Number of bedrooms and baths
• Amenities: pool, spa, walk in closets, gourmet kitchen
• Lot size
• Condition: newly renovated, perfect condition, cosmetic fixer, tear down
Who’s remodeled?
Tap into the neighborhood grapevine to find out who’s remodeled their kitchen and upgraded their bathroom. An agent can look up the listing and sale price of those homes to find out if updates made a difference.
How fast are homes selling?
Keep an eye on how quickly neighborhood homes have been moving off the market. A low inventory may mean you can set a higher listing price. Your realtor can add valuable pricing insight.
Stay current on planning and zoning news:
Keep tabs on upcoming public projects that could impact the timing of your sale. Is major road construction planned that may deter buyers? An agent can discuss selling strategies to work around issues.
Get the scoop on your hood from an expert ~ Feel free to give us a call any time 585.279.8080