5 CRITERIA FOR PRICING A HOME

When you put your home up for sale, one of the best ways to determine
 the asking price is to look at comparable sales. 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.

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.

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.

Inland Empire, Orange,Riverside and SB County

Office

Home Smart Evergreen Realty

(800) 515-1930

450 N. Mountain Ave. Ste A, Upland, CA 91786