How Much Is My House Worth? Tools to Help You Determine Your Sale Price
Maybe you’ve been inspired by those “Sold” signs in your neighborhood; maybe you’re just ready for a change of scenery. Whatever the case, a great way to get an idea of how much your home is worth is to look at the recent sale prices of other homes in your neighborhood.
Comps can help you figure it out
By identifying the sale prices of similar properties in your area, known as “comparables” (or comps), you can come up with a realistic asking price. When using comps, you’ll want to compare apples to apples—that is, homes that have a similar square footage and amenities as yours. You also want to look at homes that were sold within the same six-month period and that are similar in style.