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The 4 Factors We Use to Determine the List Price of a Home

Monday, January 8, 2018   /   by Sandy Gabrielli

The 4 Factors We Use to Determine the List Price of a Home


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When we get ready to put a home on the market, we use four different data points to determine the price we should list it at. Each one gets us closer to that sweet spot where the home will sell quickly and for a great price:

 

1. What are the homes selling for in your immediate area? We take a look at all the homes that are currently on the market and where they are listed, as well as the prices from all of the home sales in the last six to nine months.


2. The tax value. What we’re looking for here is the ratio that homes are selling in your area compared to their tax-assessed value.

4 home pricing factors/ The pieces of the pricing puzzle

 

3. What does Zillow say your home is worth? Most homeowners understand that Zillow’s valuations aren’t entirely accurate, but they are another good way to measure yourself up against the competition.

 

4. How does your home compare to those other homes? This is when we look at things like the conditions and the upgrades that your home has and other homes don’t, or vice versa. It also gives us a good idea of what the current market looks like in your area.

All of these pieces go into determining where that sweet spot is where we can get your home sold in the shortest amount of time for the most money possible. If you have any questions or any real estate needs that we can assist with, watch this short video.


  real estate

RE/MAX Professionals
Gabrielli Homes Team
4838 Sparks Blvd #102
Sparks, NV 89436
775-772-8097

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than RE/MAX Professionals are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2020 of Northern Nevada Regional MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by Brokerage firms other than RE/MAX Professionals Sparks are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokerage. Data is deemed reliable but not guaranteed. Copyright 2020 of Northern Nevada Regional MLS. All rights reserved.
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