STEP 4: Look at Currently Active Listings

STEP 4: Look at Currently Active Listings

“‹ Next, look at whats currently on market. How many homes are currently on sale in your area? How do they compare to your home in terms of price, features, and preparation?   Click below to continue.   STEP 5: Set Your Price   These posts...
STEP 3: Compare Pending Sales (Homes in Escrow)

STEP 3: Compare Pending Sales (Homes in Escrow)

“‹Next, you must review comparable homes currently in escrow to those that recently sold. This will give you an idea of what buyers most recently were willing to pay.   Consider how quickly comparable homes went into escrow by looking at the Days on...
STEP 2: Look at Recent Sales

STEP 2: Look at Recent Sales

Once you’ve identified comps, the next thing you must do is look at comparable home sales in your area forthe 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...
STEP 1: Identify “Comps” (Comparable Homes)

STEP 1: Identify “Comps” (Comparable Homes)

First, what is a “comp?” Comparable homes (“comps”)are homes that are in the same area as yours, and have a similar home size, lot size, condition, and, if possible, style of home. Consider the area: It’s important to analyze homesin just...