As you mentioned there are homes that have sold in your community with similar sq. ft, therefore they would be considered comparables to an agent or an appraiser. You could a have an agent do a professional market evaluation and/or pay to have an appraisal done.Keep in mind these are just opinions however the most important opinion will be the buyer because with him, your home will not sell.
I find that when I do a market evaluation for a homeowner, it is difficult to find homes in exactly the same condition. There fore, adjustments should be made because of condition.It also depends on what upgrades you have made as to whether you will receive a good return. You never get a dollar for dollar amount back for the monies put into a home. Example: a buyer does not care whether you put top of the line new windows in your home versus a middle of the grade window because windows are windows.Obviously, your house should sell for more than the homes that were not in good condition but the question is how much more? So, price it at the top of your agents market evaluation and see how the market reacts. Your agent can provide feedback from agents as to the price and if it is determined that it is too high, then adjust the price accordingly. Good luck! Donna
Pricing too high or too low can cost you time and money. Realistic pricing will achieve a maximum sale price in a reasonable amount of time.
Work with an experienced Real Estate Agent who will help determine the price and develop the best strategy to sell your home.
The best thing to do when pricing your home is to look at your house through the eyes of a potential buyer. Decide what type of homes a potential buyer would look at in addition to your home. Spend some time comparing those homes to yours, and make sure yours stands out as the best value. I hope this helps. I would be happy to help with some simmilar homes that a buyer might consider simmilar to your. I can be reached at 888-762-1554 or firstname.lastname@example.org
If there really aren't any good "apples to apples" comps, then you may need to look at other neighborhoods close by that are similar to yours. And...be sure to look at active listings (which will be your competition)....AND....a REALTOR will be able to find listings that are withdrawn or expired. (Listings that never sold for whatever reason). If they see a listing that would have been a good comp, and was on the market for 200 days and never sold, that will give you an idea that it was priced too high. Good luck!
In some cases - it may make sense to get a formal appraisal to determine value - and use the county assessment as well to determine what it is worth.
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