5 Things to Know About Your Neighbors Before You Sell
Considering selling your home? You may be competing against your neighbors. Here are some things to look at with an agent before you list:
1. Who’s remodeled?
Tap into the neighborhood grapevine to find out who’s remodeled their kitchen and upgraded their bathroom. An agent can look up the listing and sale price of those homes to find out if updates made a difference.
2. How fast are homes selling?
Keep an eye on how quickly neighborhood homes have been moving off the market. A low inventory may mean you can set a higher listing price. Your realtor can add valuable pricing insight.
3. Take inventory of the inventory
It’s difficult to fetch a competitive price when you’re competing for buyers. If several homes are for sale on your street, waiting a season may prevent your home from languishing on the market. Talk to your Realtor about market trends in your area.
4. Stay current on planning and zoning news
Keep tabs on upcoming public projects that could impact the timing of your sale. Is major road construction planned that may deter buyers? An agent can discuss selling strategies to work around issues.
5. Get the scoop on your hood from an expert
A Realtor familiar with your unique market can put it all in perspective if you’re considering a sale.