In today's fluctuating real estate market, answering that question can be extremely complex. Generally, there are four criteria that help Elena determine an accurate as well as maximum selling price for your home.
1) Elena closely follows area trends. You can check with a Elena to determine the current selling price of homes in your area. Elena, a licensed Real Estate Agent, surveys properties in the surrounding areas and can share that data with you. She will compare your home with similar homes that have sold. This should provide you with an idea of what homes are being sold for as opposed to what they are listed for.
2) Elena also pays attention to "migration" trends and see if people (and businesses) are moving in-or out-of the area. One of the best ways to track movement is to read the business section of the local newspaper or talk to the Chamber of Commerce. If there is a lot of movement into the community, chances are home prices will be going up at a relatively rapid rate. Obviously, if there is heavy migration out, prices will be flat or could even drop. Luckily Seattle, Bellevue and Mercer island continue to have positive migration trends, mainly being fueled by the strong high-tech industry.
3) Two side-by-side homes can command radically different prices.
Part of the reason can be attributed to certain features that may enhance the value of the home in the buyer's eyes. For instance, older homes that have been upgraded with new fixtures, windows or room additions command higher prices than homes that remain unchanged. In many cases, with minimal expenditure, these price-enhancing features can be added and sellers can often increase the property's value by thousands of dollars. Unchangeable elements such as lot size, or single story versus two-story can, of course, impact the value of adjoining homes.
4) Perhaps one of the most critical elements in selling a home, is pricing. Elena can evaluate your home and give you a solid price point which will sell your house.
By carefully following the local real estate market, Elena can help sellers determine the right time to sell but, most importantly, she can also ascertain the correct price point list the property at to sell your house!
If you would like more information please Call Elena Neely, "My Seattle Realtor" at 206 992-0654 |
