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EXECUTIVE SUMMARY Trying to figure out your home value and how long it will take to sell can seem difficult, but it really is not. With 1-2 hours of work on Zillow, you can find the homes that have sold in your area and put together a Home Value Estimator System. After you do this research, you will know as much as, if not more than, any real estate agent in your area. Start by gathering data about homes currently on the market for sale and data about homes that have recently sold. Make sure to gather at least 50 listings that are near your home (a combination of both homes that have sold and those that are still for sale). Once you have this data, you will sort it by date sold and date listed. Next, add home value calculations to find the price per square foot, the rolling average price per square foot and the days on market. Armed with this home value data, you can make some easy conclusions about how much to price your home for sale. http://www.prudentseller.com/PriceMyHome
Citation preview
HOW TO PRICE
YOUR HOME
FOR SALE
ARE YOU….
Thinking About Selling Your Home On Your Own? Want to Know How Much You Can Get For Your Home? Don’t Know Where To Start?
YOU ARE NOT ALONE
STEPS YOU WILL TAKE
1. Get Organized
2. Collect the Data
3. Analyze the Data
Remember
Your Time
= Lots Of Cash
CREATE A SPREADSHEET
Add These Columns
Neighborhood
Address
URL
Price
Square Feet
Bathrooms
Rooms
Special Features (+/-)
Price Per Square Foot
Average Price Per Square Foot
GOT THAT?
DON’T WORRY…
I’ll give you a link at the end of our show…
Get the data
Just copy and paste into
your spreadsheet
GOT THAT?
DON’T WORRY…
I’ll give you a link at the end of our show…
Argh! There is a
link at the end of
this show!
Let’s anaLyze
STEPS YOU WILL TAKE
1. SORT THE DATA
i. Date Sold
ii. And then by List Price
ADD YOUR CALCULATIONS
1. Price Per Square Foot
2. Average Price Per Square Foot
3. Days On Market
Argh! There is a
link at the end of
this show!
Here is a tip
Home Valuation Tip “If the subject property was not available, would a buyer realistically consider purchasing the comps instead? Tip from RETipster.
EXECUTIVE SUMMARY Trying to figure out your home value and how long it will take to sell can seem difficult, but it really is not. With 1-2 hours of work on Zillow, you can find the homes that have sold in your area and put together a Home Value Estimator System. After you do this research, you will know as much as, if not more than, any real estate agent in your area. Start by gathering data about homes currently on the market for sale and data about homes that have recently sold. Make sure to gather at least 50 listings that are near your home (a combination of both homes that have sold and those that are still for sale). Once you have this data, you will sort it by date sold and date listed. Next, add home value calculations to find the price per square foot, the rolling average price per square foot and the days on market. Armed with this home value data, you can make some easy conclusions about how much to price your home for sale.
I told you there was a link at the end of the show.
www.PrudentSeller.com/PriceMyHome
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