With the London Olympics kicking off this month, athletes from all over the world are putting their competitive strategies into place to be one step ahead of the competition and go for gold. Channel the world’s champions this summer to establish a game plan, analyze what’s worked in the past and beat out the competition by presenting your Brooklyn home at its best!
Athletes constantly stay informed on the statistics of their biggest competitors, and so should you when it comes to selling your Brooklyn home. Below are the basic components to consider when using comparables to price your real estate:
Make sure the comparable house has sold. Before using a property as a comparable, it needs to have sold so that you know the selling price. Consider the original listing price as compared to the selling price of the home, when developing your winning strategy. Pay close attention to price reductions and how many months the house was on the market. These are essential indicators to pricing your property right the first time.
- Look to see if it is the same type of home as yours. Find comparable sales that are similar to your home in square footage, style, construction material, number of bathrooms and bedrooms and other amenities.
- See if it’s in the same location. Real estate pricing is largely based on location, so make sure any houses you consider as comparables are close to your own house or in proximity to the same conveniences.
- Double-check the research. Just because someone hands you papers that they claim to be comparables doesn’t mean they actually are. You know your house best, so do your own research and read the fine print to make sure that the comparables you’re using to determine your property’s resale value are a good match.
Starting off on the right foot might help you sell your house faster than an Olympic track star. Dedicate yourself to researching comparables so that you can contribute educated facts when discussing the list price of your Brooklyn home.
If you need help pricing your property or need a real estate agent to help you beat out the competition, please call Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected].for more information.