OKC Realtors: Pricing a home accurately
If you’re trying to price a home accurately, whether your preparing your house for sale or if you’re getting ready to put an offer down on one it can be challenging. Even if you’ve done your home work a home price can change substantially from the first time you make your estimate. OKC Realtors do all the work to make sure that the home you want to buy or sell has been properly valued, making the process much less stressful. But here are 4 point that you’ll want to look at when evaluating the cost of a home.
1.The Historical Sale price of the home
When your OKC Realtors run a calculation for the price of the home they will look at the prices that home has sold for in the past. The price during the last few years will help establish a baseline for the price you will pay.
2. The Neighborhood
The house is important but a good neighborhood can elevate or devalue a house based on what’s in it. In addition to running the sale price for your home your OKC Realtors will see what other houses in your area have sold for. Factors like school quality and home prices are strongly correlated.
3. The Current Housing Market
The market is either a buyer’s or a seller’s market, and fluctuates between those based on the time of year, interest rates, and general economic factors. These changes will require you to strike while the iron is hot or wait for a better time if you want to get the best price for a home.
4. Home size and curb appeal
A homes size is a large part of its value, many home buyers will look at the price per square foot as the major factor in their decision to purchase. The appeal of the house will lie in whether it’s modern, traditional, or just the over all features of the house.