How to: Pricing your home to sell!

Thinking about selling? Learn how to price your home!

How to: Pricing your home to sell!

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. As realtors, we take care of researching this information for you! At LS Homes, we pull comparable properties the same way an appraiser will. This is to try and prevent the home coming in below value on the appraisal. 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. Appraisers will typically pull a one mile radius from the subject property.
  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. Appraisers will typically pull sales within the last 30 days.
  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.


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Thinking about selling? Learn how to price your home!

How to: Pricing your home to sell!

Brought to you by Lauren and Stefanie with LS Homes LLC at Realty ONE Group San Diego

2701 Loker Ave W, Suite 150

Carlsbad, CA 92010

Posted on March 25, 2019 at 8:06 pm
Lauren Panek | Category: Real Estate & Market Trends | Tagged , , , , , , , , ,

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