Home Selling in 75033>Question Details

Mathew George, Home Seller in Frisco, TX

Need help in finding realistic figures for a Home sale in Frisco

Asked by Mathew George, Frisco, TX Tue Jul 8, 2014

I have a 4646 sqft home which we intend to put up for sale soon. I am always told that its hard to find comparables as there is no home that size close to my neighborhood. How do I get a realistic figure so I can know what to expect?
We may also be interested in downsizing to a smaller home maybe a 3bd/3ba , We are open to Plano or Frisco neighborhoods.

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Answers

9
Mathew,

As an experienced Realtor in the Frisco/Plano area, I would be happy to assist in the listing of your home. If you would like to reach out to me via email or phone I can get more information about your property and provide you with an estimate of your homes value. Of course a full evaluation of your home would need to be done to give you a solid price.
I also don't mind sending you a list of currently active properties meeting your criteria to give you an idea of what is currently active in the area.
I look forward to hearing from you and assisting in all your real estate needs.

Phillip Madison,
254-212-9186
phillipmadison@kw.com
1 vote Thank Flag Link Tue Jul 8, 2014
The best way to find this is to find "comparable properties" just outside of your neighborhood. Afterall, a buyer isn't going to look "just" in your neighborhood. In a perfect world, they would all be within a one-mile radius but that doesn't always happen. We need to look at similar properties and the "average price per sf" (not just the sf alone) then make adjustments as needed. If it's still questionable, or you have installed dramatic updates while living there, I "always" suggest getting an appraisal. This way, you know up-front what to prepare for (and not run in to problems later)..and you also don't shoot yourself in the foot and price too low! ;-)

Feel free to contact me if I can supply this information for you or simply to answer any questions that you may have.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
214.901.1341-Cell
AmyAreyRealtor@Gmail.com
http://www.Aarey.HaloAgent.com
http://www.MckinneyRealEstateInfo.com
0 votes Thank Flag Link Thu Oct 9, 2014
Matthew,

Have you find out how much to list your home for?

Susie Kay
Realtor & Certified Stager
United Real Estate
469-371-2899
http://www.dfwdreamhomes.net
0 votes Thank Flag Link Thu Oct 9, 2014
You need professional help. Contact additional agents in your area for the information you need. Com parables can be adjusted to meet your criteria.
0 votes Thank Flag Link Tue Oct 7, 2014
Obviously you have accessed all the random number generators that are easily accessible. Your conclusion, and rightfully so, is you need REALISTIC figures not numbers popped out by a blind algorithm.

If it were easy, the automated systems could work. But it is not.

In your case you understand a value inversion occurs when the subject house is significantly larger (400 SF or more) than recent sales. Further complicating the issue will be community values.

You will find yourself well served by consulting a local REALTOR to prepare an evaluation. REALTORS who help in the purchase and sale of dozens of homes every year know how to value real estate.

The data you need will appear similar to what you observe in my Market In a Minute reports, coupled to CIS Scores. See my blogs http://www.trulia.com/blog/annettelawrence
0 votes Thank Flag Link Tue Oct 7, 2014
Locate an agent that can visit with you at your home and preview comparable homes with you in your neighborhood and surrounding area. This will allow you to preview the competing listings while providing a real view of the market. No sense in you just reviewing comps presented on paper. It sounds like you need to go an extra step to determine a market value. Let me know if I can help as I am specialize in Collin County area. And currently live in Frisco for the past 12 years

Brian Stitzinger
Starcrest Realty
Cell: 214-566-0075
bstitzinger@starcrestrealty.com
http://www.starcrestrealty.com

http://www.brianstitzinger.com


Please open this link it is mandatory for me to disclose this link

http://www.trec.state.tx.us/pdf/contracts/op-k.pdf
0 votes Thank Flag Link Tue Oct 7, 2014
In situations like this, when there are no "true comps" you sometimes have to treat it like homes on acreage (comp out the average price per selling sf of land ((especially if near new-construction)) THEN comp out the average price per sf of the structure on top of the land and add it together. If there are no homes that large in your actual neighborhood, we have to go slightly outside, yet still stay within 1.5 miles or so of you home. (Remember...buyers in Frisco will also be looking at other homes "similar" to yours...not just in your neighborhood, so very important we compare "apples to apples"). Feel free to contact me if you'd like some comps sent ASAP. I would love the opportunity to throw my name in the hat and put that SOLD rider in your yard ;-)

Amy S. Arey, Realtor
Halo Group Realty, LLC
214.901.1341-Cell
http://www.Aarey.HaloAgent.com
http://www.MckinneyRealEstateInfo.com
0 votes Thank Flag Link Thu Jul 10, 2014
Contact a local realtor to help you! If you are not currently working with one then I'd be happy to assist you in listing your home at the right price and finding a smaller home for your downsizing.

Take care,
Susie Kay
United Real Estate
469-371-2899
0 votes Thank Flag Link Wed Jul 9, 2014
Have you thought about contacting a local REALTOR? That would be the best place to start.
0 votes Thank Flag Link Tue Jul 8, 2014
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