Home prices are determined by numerous criteria. Factors such as the current trend in the market, the number of available homes for sale in the area, and the urgency of the seller have an overall affect on arriving at a sales price. There are other more specific things to consider.
- The recent selling prices of similar homes in the same area and/or the average recent selling price per square foot in the same area are both a good starting point.
- Major improvements to your home such as a pool, or other additions can add to your selling price but not to the extent of what you paid for them.
- Interior and exterior amenities can be beneficial to selling your home and may increase your selling price.
- The general condition of your home’s interior and exterior is important and can either increase or decrease your selling price.