Whether you are buying or selling a home, there are certain factors you need to consider when determining the price. An experienced ABR (Accredited Buyer’s Representative) real estate agent like Cheryl Marquis can help you with this process.
First, how many homes have sold around you? By taking in the inventory rate you are able to deterine how many months your home might be sitting on the market. Four / six months indicates a healthy market.
Second, determine the average list price of the homes around you. Are they increasing? Decreasing? Staying flat? Being armed with this information will help you in making or receiving an offer.
Third, is your neigborhood ‘in demand’? This question is answered by counting the number of homes sold on a monthly basis and comparing the data against other months. A hot neighborhood can increase the home’s woth.
Fourth, the relative condition of the property. As with almost anything, a home in good condition will likely sell for more than the same home in terrible condition. This is a great reminder to always take care of your home!
These are just a few factors to consider when buying or selling a home. A knowledgable agent like Cheryl takes dozens of factors into consideration to make sure you get the best deal out there!