Setting Your Home's Price

• 1. Have sold in the recent past or are under contract: This shows me what buyers in this market have actually paid for properties similar to yours, or the asking price of properties successfully under contract. Also, this helps me gauge how much lending institutions will be willing to finance for your property. 
     
     
  2. Are currently on the market: These are properties that will be competing with yours for the attention of available buyers. We will see exactly what alternatives a buyer will have to purchasing your home. We can be make certain that we are not overpricing or under­pricing your property. 
     
     
  3. Factors that have little to no influence on a home's market value: The price the seller originally paid for the property. The seller’s expected net proceeds or the dollar amount spent on improvements. 

   

• When Evaluating Comparable Properties, I Use the Following Criteria:

   

  • Properties active, under contract, or sold within 6 months.
  • Properties in the same or similar neighborhoods.
  • Properties +/-­10% of your square footage.
  • Properties with like attributes: # of stories, # of garage spaces, with or without pool, etc…
  • Properties in similar condition.
  • Remove Foreclosures & Short Sales.

How Home Price Impacts the Number of Potential Buyers: