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You want to make sure you list your home within a price range of where it might actually sell by searching for properties similar to yours on websites like realtor.com listed for sale in your area. |
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That being said it is even more important to pay attention to what homes in your area have sold for. Just because your neighbor has their house listed at a certain price doesn’t mean that it will sell. They may have no real plans on moving or perhaps they can’t afford to move out for any less that they are asking. |
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Be careful of listing your home on a high price to see if someone will bite. It’s OK to list it for a little more than you think its worth, but if you price too high your property will sit on the market forcing you to keep lowering your price and make you appear as if you’re desperate to get it sold. |
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Location is the number one factor in determining what your home is worth. |
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Many factors come into play when pricing your home, it can often be difficult to get an good figure by just comparing it to other homes that are listed for sale and those that have sold in your area. Other important factors that will effect the price of your home are: |
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Lot size / House size |
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Age/Condition |
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Upgrades like granite countertops or a finished basement |
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School district |
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Is it next to a park or wooded area, is it on a busy street or corner? |
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Is the home constructed of Brick, Frame or other material? |
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How many Bedrooms, how many bathrooms? |
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Does it have a fireplace(s) |
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What type of design, ranch, split level, 2 story? |
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