Sellin Prices of Houses in My Neighborhood

Posted by admin on February 12, 2018 in Articles

Evaluating The Selling Prices of Houses in My NeighborhoodI am in the process of selling my house, and has gathered some information to assist me with this process. Fifteen houses were looked at within a four-mile radius. Age of the house, square feet and selling price were all taken into consideration. It was noted that the square feet for each property was different. Some houses were the same age with different selling price. In some instances, older houses were sold at a higher price that a newer built property. Size of the land was also evaluated, and it was noted that even though that was a factor, older houses with less square feet were sold at a higher price. It was also noted that some 32 years old houses were sold at the same price as a 29 years old house with less square feet. One 34 years old house with more square feet was sold for approximately three thousand two hundred dollars more than another 34year old house with less square feet. A 28year house with more square feet was sold for three thousand dollars less than a 35 years old house with less square feet.
There were several variables that were used to determine the selling price of the houses. Some houses, even though older may have had more bedrooms, bathrooms, indoor or outdoor pool, or some unique features. In some cases, even though there were several square feet, the house may be next to home that is in need of repair and that will automatically lower the value of your home. The location also determines the price of a house, because some neighborhoods may be much nicer than others. Also if all the houses on a street is well maintained, and with good curb appeal, that will increase the value of your home. The selling price of a home is influenced by how well maintained your home is, square feet, neighborhood, property value on your street, and curb appeal. The selling price of a houses within a one mile radius from your home, may vary from that of a house within two mile…