What Did That Home Sell For?
Like it or not, what a neighbors home sells for often has an influence on the price you can get for your own home. In today's world, buyer's are more educated on comparables (what homes sold for in the neighborhood) and what they know they can get for a home of a compareable nature. Even if your home is the best in the neighborhood with all the upgrades, it is often influenced by the neighborhood's value. Knowing what your neighbor sold for will give you a realistic expectation of what you can expect for your own home. Having upgrades and sprucing your home to its fullest potential will help you gather top dollar and help you with a quicker sale. Just be aware that community home prices immediately surrounding your home and in some markets even a little beyond your neighborhood can have a direct influence on the type of offers you can expect.
We have an online tool available for you to check some recently sold homes in neighborhoods. Although it is very helpful, it also lacks some valuable information to properly assess the value of your home or other homes in the neighborhood you may be looking into. To find out about more specific neighborhood comparables and what your neighbor's home sold for, contact the Powers Team today!
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