Home pricing & appraisal factors
- The competition i.e., other homes that are similar to yours that are currently being offered for sale. This is very important especially in a low inventory market.
- Homes that have sold and settled within the last 6 months to a 1 year that are similar as possible to your home in size, style, condition, age, amenities, quality, location and bedrooms and baths.
- Homes that are currently under contract that meet the same criteria above.
- Homes that did not sell while listed and were removed from the market that meet same criteria above.
- Current national, regional and local economic conditions and sentiment.
- The availability of mortgage funds, variety of home loan products, level of interest rates and overall mortgage guidelines.
- Overall condition and cleanliness inside and out of the home.
- Overall look and feel of the homes in the neighborhood and the neighborhood in general.
- What kinds of amenities are in your neighborhood, such as, walking trails, tot lots, swimming pools etc.
- New construction activity in the local market place.
- Factors individual to your home including lot size, curb appeal, privacy, view, site, condition, updates, floor plan.
- Number of home on the market/competition.
- The amount of time marketing time that is available.
- Location, transportation and broadband access.
