Understanding Comps OR How to Price Your Home

Obviously you want a Realtor to help you price your home, but this article will help you understand the logic behind it all.

It should be noted that most homeowners feel their homes are worth more than they actually are.....its because we place emotional value into the mix. Most buyers don't care how much you spend on your remodeling or recent roof or A/C. It doesn't matter to them that you want 100% return on investment. Buyers want a good value, they want a home that has a good roof, and working A/C and heat and they want a home to look good on the inside requiring minimal work by them. It is a mistake for a homeowner when pricing a home (and I've seen some do this) to take what they paid for the home, estimate equity and then add all improvements they've made to the home to reach the sales price. While your Realtor may agree to list at this price, I can just about guarantee it won't sell for that. Read on what really goes into pricing a home.

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