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What You Need to Know About Comps When Selling Your Home
Posted by Cary W Porter on
The sales price of neighboring homes is only one part of the equation. Be sure that sellers understand the other factors that affect how their home compares to their neighbors'.
Location within the neighborhood.
If your seller’s home is in a part of the neighborhood that borders a highway, train tracks, or an industrial area, it’ll likely fetch a lower price. Make sure you pull comps of other homes in similar locations to compare and explain pricing differences to sellers.
The home’s lot.
Take into account that hilly terrain can affect the usability of each home’s lot and bring your seller’s price down. You can have two one-acre lots next to each other, and one can be fully usable while the other is only half usable because of steep…
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Out with the old and in with the high-tech. A new survey found that Americans are thinking differently about “move-in ready” homes; they now want it to be “smart ready” too. The survey of 1,250 U.S. adults who have broadband Internet access at home found that 71 percent of all respondents want a move-in ready home. But the poll uncovered an interesting twist. Of the respondents who opted for a move-in ready home, 44 percent said that smart home technology should already be installed. Another 57 percent would consider an older home updated if it had smart home technology.
Move-in ready is being redefined by home technology.
