Ask Bob Home Value How do I use comps to price my home?

How do I use comps to price my home?

Your agent will select three to five recently sold homes similar to yours in size, age, condition, and location. They adjust the sale prices of these comps up or down based on differences like extra bathrooms, finished basements, or updated kitchens. The adjusted values give you a realistic price range. Avoid cherry-picking the highest comps to justify a higher price, as this can lead to overpricing and a longer time on the market.

Why It Matters

Properly using comps is the key to accurate pricing. The right price attracts more buyers, generates stronger offers, and leads to a faster sale.

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