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The Art of Pricing Your Home for Sale

October 7, 2019 by ccarter Leave a Comment

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. Doing this on your own without Carter and Associates can be a daunting task. 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.

With Carter and Associates, we prepare a FREE comprehensive Comparative Market Analysis for you. This establishes fair market value to take the guesswork out of such an important decision and prepares your home for a quicker sale when priced right from the beginning. 

Call or Email us today for your FREE Comparative Market Analysis! CarterandAssociatesGa@Gmail.com 404-944-6577. 

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Chad & Christina

Chad & Christina

Cell: (404) 944-6577Office: (404) 564-5560
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315 W Ponce de Leon Ave Ste #100 Decatur, GA 30030

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