When you choose to sell your home, it's a big financial decision. Whether you're transferring to another city, moving to a retirement community, or relocating to a bigger home, you want the best possible return on your investment. Accomplishing this goal is easier when you establish the right asking price.
It's important not to price yourself out of the market, nor do you want to lose money on your sale. In reaching the optimum selling price for your home, our real estate agents help you research a number of significant price determinants. The sale price of comparable homes in your community is one of the most relevant factors in deciding your list price. While no two homes are the same, ideally, the comparables you look to for pricing guidance should have very similar features.
If your home was built in a contemporary style, your pricing research should focus on similar contemporary homes in your community. Comparing the price of a colonial home to a home with a contemporary style is like comparing apples to oranges.
Before you select comparison sales on which to base your home price, you must consider the distinct features that placed them into their pricing category. A Moorefield real estate professional can assist you in comparing local home developers, square footage, lot sizes, number of bedrooms and baths, garages, central air, and other features that are important to pricing a home
In your search to find homes with prices comparable to yours, it's important to stay within your neighborhood. While two different communities may be economically similar with the same desirable home styles, the sale prices may vary a great deal due to school districts, shopping, traffic, and other factors. For example, if your home is located in Harrisonburg, the value would likely be out of sync with the value of a home in Staunton, even if they have identical features.
When you're researching comparable prices for homes similar to yours, it's important to look at recent sales. Real estate pricing in the region fluctuates depending on many factors. Your real estate professional can help you understand how this affects your pricing and other decisions.
Pricing on what appears to be a comparable home can vary due to upgrades such as a deck, a pool, or extra storage. Seemingly comparable condominiums can differ in value if one community has a gym, a tennis court, and a garden, while the other has fewer conveniences.
When a buyer closes on a home, the owners may have included incentives to encourage a sale at the desired price. A seller who is anxious for a speedy closing may offer down payment assistance, closing cost sharing, decor upgrades, owner financing, or other items not reflected in the sale price.
Even though the style, location, construction, and date of sale may be similar to your home, foreclosure homes may exhibit adverse condition issues or damage. Short sales may not reflect a home's true value.
We understand that pricing your home can be a critical balancing act. There are many factors to consider. When you contact Old Dominion Realty, we work closely with you throughout the pricing and listing process. We provide the professional advice and guidance you need to put your home on the market at the right price.
We have all heard of the book, Men are From Mars, Women are From Venus, about the differences between how men and women communicate. Those differences continue when it comes to making home buying decisions. Everyone looks for something different when they are buying a new home ... that can get tricky if you're trying to buy a home as a couple. Our real estate agents have taken a look at some of the latest surveys, which indicate that, while there are certain things men and women tend to agree on during the home search process, there are also areas where the dividing lines are pretty sharply drawn.
To successfully buy a home as a couple, you have to find a house that both partners are excited about. That makes it important to understand how men and women tend to approach home buying decisions differently.
Contact Old Dominion Realty to find your dream home, or to list your home for sale. Our team offers unparalleled experience and expertise in the real estate market of the eastern West Virginia and central Virginia Shenandoah Valley.
When you're ready to make the leap from apartment living to home ownership, you have two main options: buy a new, move-in ready house, or invest in an older home that may need more than a little work before it's livable. It's a big decision.
If it's a fixer upper you're looking for, our real estate agents can help you find just what you're looking for. That said, you should always make sure you're completely ready to invest in a "project" house that will require the patience and know-how to renovate. Of course, even though fixer upper homes have their drawbacks, they offer some considerable advantages as well:
Think you're ready to tackle a fixer upper? Be sure to take a few things into consideration before you take that leap:
Whether you're looking for a fixer upper to make your own, or have a home that you want to list for sale, our real estate agents can help. Contact Old Dominion Realty to learn more about your options.