When you’re selling your home, it’s important to look at homes currently under agreement when pricing your home for the market. Working with a realtor ensures you get a fair market price, especially since the market in December of 2015 rose to over 7% compared to the previous year. Looking at the homes current under agreement with a realtor is going to help you evaluate the right price for your home. California has been experiencing some recent highs and lows in the real estate market, between mid-range homes to large estates. There are areas with multiple buyers competing for fewer homes on the market and areas when low inventories are creating a seller’s market with higher selling prices as a result of supply and demand. It’s not always …show more content…
Comparable properties are similar in size, age, condition and in the same neighborhood close to similar brand amenities. If you’ve entered into an agreement with a realtor, they can provide you with information that accurate and up-to-date on similar properties. Don’t under evaluate your property to one in the same neighborhood that’s recently been renovated. Until you know the conditions you may find your home is in better condition compared to the other home needing renovations or repairs. Current Market Don’t rush listing your home, your realtor can help with the current home pricing under agreement like yours, or you can do some footwork yourself and visit the homes on the current market. It always helps to see the current homes on the market and the going prices in the neighborhood. It’s a reality check for selling your home and it ensures you price your home to be competitive with a true market value competing against the existing homes on the …show more content…
Pay attention to the pricing of the homes still on the market. They may have been overpriced or underpriced for the location and condition of the home. Now look at the recently sold homes and ask how long they were on the market and compare the home features and the sold price to yours. This information will give an idea of what’s head as you prepare to list your home for sale. Here are few details that need to checked when you are comparing the market for pricing your home. • Compare the original list price to the final sale price to see if there were any reductions. • Compare the final sales price to actual sold price to see the costs of selling the home. • Look at the adjustments for both of these conditions, find out why the changes to initial reductions or increases to the sales price. • Look at the actual costs of selling the home, are they similar to conditions found in your home. Current Homes Your realtor knowledge in the area and the surrounding neighborhoods has some good value, because they know the data side and they know the background on the property currently under agreement and listed for