You can get the best idea of your home’s current estimated value by knowing how much similar homes sell for. These are called comparable sales, or “comps” in real estate lingo. The trick is finding sales that are as close as possible to yours. Here are four factors that count when it comes to comps:
1. Location: A good comparable sale is a house in your neighborhood. It should be in your subdivision and on the same type of street as your house. It must also be in your school district.
2. Home Type: Try to find comparable sales like your home. Consider the style, construction material, and square footage. Look at the number of bedrooms and baths. Check if there is a basement, and whether it’s finished. Also, note the finishes and yard size.
3. Amenities & Upgrades: Is the kitchen new? Does the comparable sale house have full A/C? Is there crown molding, a deck, or a pool? Does your community have the same amenities (pool, walking trails, etc.) and homeowners association fees?
4. Date of Sale: Most buyers use government-guaranteed mortgages. Those lending programs state that comparable sales can be no older than 90 days.
Don’t Try to Estimate Your Sales Price Alone!
Call your REALTOR® to discuss comps in your area. Also, talk about other factors that should be considered when determining your home’s list price.
Remember: The current location is the United States.
Additional Points to Consider:
- Market Conditions: The overall state of the real estate market can also affect the value of your home. If there is a high demand for homes in your area, you can sell your home for a higher price. This is more than you would have been able to achieve a few years ago.
- Staging: Staging your home can also help you get a higher price. Staging involves making your home look as appealing as possible to potential buyers. This can include things like de-cluttering, painting, and adding new furniture.
- Professional Photos: Hiring a professional photographer to take photos of your home can also help you get a higher price. High-quality photos can make your home look more appealing to potential buyers.
In conclusion, finding good comparable sales is an important step in determining the value of your home. Work with a REALTOR® to find comps most relevant to your property. This will help you get a more precise estimate of its value.
Jacquelyn Stonehocker (706) 251-7315
HEARTLAND REAL ESTATE
REALTOR® Georgia REALTORS®





















