Once you’ve identified comps, the next thing you must do is look at comparable home sales in your area for the past 3 months. If there aren’t many sales (say, under 6), then expand your search to 6 months. This will tell you what buyers were willing to pay for comparable homes in the recent past.
Click below to continue.
STEP 3: Look at Pending Sales (Homes in Escrow)
These posts are part of my “Demystifying Pricing for Sellers” series:
https://buyorsellahomeinlosangeles.com/2017/11/09/demystifying-pricing-for-sellers-part-1/