Using Comparable In Pricing Your Home

When it comes to selling your home, the most important aspect to consider is the asking price. Unlike other purchases, the value of a home is largely determined by how much a buyer is willing to pay for it. This is where the concept of comparable properties comes in.

Comparable properties, or “comps,” are homes that have recently sold and are similar to your own in terms of location, size, number of bedrooms and bathrooms, style, view, street, yard, and amenities. By comparing your home to these comps, you can get a better idea of what price to ask for your own property.

Real estate agents are a valuable resource when it comes to finding the right comps for your home. They have access to information on recent sales in the area and can help you determine the appropriate asking price based on the differences between your home and the comps.

If you’re selling your home in Lawton, Fort Sill, Elgin, or surrounding areas of Oklahoma, Coldwell Banker Salute can help you navigate the process and find the right comps to ensure a smooth sale. Contact us today to learn more.