Valuing a Home for Sale - What is it really worth? Real Estate Advice
Valuing a home for sale correctly is the most important part of selling a home. When it comes to selling your home, one of the most important decisions is price. How much can you get for the home? What amount of money is enough for you to part with it? What's the best way of valuing a home for sale? People may cite “price per square foot” as a rule of thumb, but this is usually inaccurate at best. There is much more that goes into a home besides the square footage. Additionally, some websites (like Zillow or Trulia) will give you a number based off of an algorithm, but these are rarely correct, as they do not include many of the features of the house. There are many factors that influence the price of a home. However we will cover the basics on valuing a home for sale here. Valuing a Home for Sale LIKE KIND HOMES AKA "COMPS" One of the easiest ways to get a feel for the price of your home is looking at the selling price of comparable homes, or “comps.” Look for ho...