You’re ready to sell your home, but you’re not sure what to ask for it. No problem … a neighbor just sold her home for $329,000, so you’ll just ask for the same amount.
Wait. That was what she asked for her home. You’re not sure what it actually sold for.
Oh, hey! Didn’t your coworker sell his home for $275,000 a few months ago? That’s solid information. Maybe you should ask for that. If the market hasn’t changed much since then.
Sure, the coworker’s house isn’t in your neighborhood, but it has the same number of bedrooms and bathrooms as your home. Or maybe you should go with the asking price to the neighbor’s house. She probably sold it for close to that number. The house isn’t as nice as yours, but it’s a little larger. And it has beautiful landscaping. That adds some value, but how much?
Putting those two homes aside for a bit, you go to a website that promises to tell you what your home is really worth. An actual number. Now you’re getting somewhere … if the value isn't off by the 20% margin of error you read about in the site’s disclaimer.
If only there was a way to process all this … pull in more data … make sure it's accurate … account for differences in the properties … factor in what's going on with real estate prices in your neighborhood. If you could just find some to do all that, analyze it, and guide you toward the highest price that will actually get an offer. Sounds to me like you're ready to work with a Texas REALTOR®.
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