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.

 

Be sure to connect with us!

Website: http://lshomes.llc/

Twitter: https://twitter.com/LShomesLLC

Facebook: https://www.facebook.com/lshomessllc

Linkedin: https://www.linkedin.com/in/lshomesllc/

Instagram: https://www.instagram.com/laurenpanek.realtor/

Instagram: https://www.instagram.com/stefaniedonnelly_/

Zillow: https://www.zillow.com/profile/LShomesllc/

Our Hashtags:

#LShomesllc

#BuyLShomes

#HomesbyLS

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

BuyLShomes@gmail.com

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

Short Sales vs. Foreclosures

Short Sale vs Foreclosure – How are they different?


It is extremely unfortunate when homeowners fall behind on mortgage payments. It forces them to face the possibility of losing their home. Short sales and foreclosures do however provide them options for moving on financially. You may be asking yourself “How are they different?” Often times, people use the terms interchangeably. Sometimes we need to be reminded that short sales and foreclosures have varying timelines and financial impact on the homeowner.

Short Sales:

A short sale comes into play when a homeowner needs to sell their home but the home is worth less than the remaining balance that they owe. The lender can allow the homeowner to sell the home for less than the amount owed. This frees the homeowner from the financial predicament.

On the buyer side, short sales typically take three to four months to complete. Often times, the lender will have to assume the fees of the repairs and the closing costs.

Foreclosures:

On the other hand, a foreclosure occurs when a homeowner can no longer make payments on their home. The bank then begins the process of repossessing it. A foreclosure usually moves much faster than a short sale and is more financially damaging to the homeowner.

After foreclosure the bank can sell the home in a foreclosure auction. For buyers, foreclosures are sometimes riskier than short sales. Believe it or not, these homes are often bought sight unseen, with no inspection or warranty!

Be sure to connect with us!

Website: http://lshomes.llc/

Twitter: https://twitter.com/LShomesLLC

Facebook: https://www.facebook.com/lshomessllc

Linkedin: https://www.linkedin.com/in/lshomesllc/

Instagram: https://www.instagram.com/laurenpanek.realtor/

Instagram: https://www.instagram.com/stefaniedonnelly_/

Zillow: https://www.zillow.com/profile/LShomesllc/

Our Hashtags:

#LShomesllc

#BuyLShomes

#HomesbyLS

Short Sale vs Foreclosure – How are they different?

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

BuyLShomes@gmail.com

 

Posted on March 25, 2019 at 7:00 pm
Lauren Panek | Category: Real Estate & Market Trends