Factors That Make Your Home Worth Less

When you are doing your comps, keep in mind that houses with offensive smoke or pet odors rarely sell for market value.

Sell House Fast – New Orleans LA: When you plan to sell your house you will first want to do a comparison of other houses in your area that are for sale. Take a good look at the houses that are no longer for sale as they have been sold and see how much they sold for. Look only at the houses that are similar to yours in square footage and types and numbers of rooms. Once you get the comp prices, you can put an appropriate asking price on your home. Then you’ll set out to find out if there is anything about or in your home that may reduce the value of it on the market. Those are things that you’ll want to fix or downplay where possible.

Look closely at each of the houses that have sold recently. Don’t go back further than 6 months at this point, as the market changes so frequently. Observe any blemishes you find in the houses that have sold. Look for poor roof condition, landscape imperfections like dead spots in the lawn, and plumbing problems. Another area of your home that can be a deal killer is the odor. This can easily be fixed. When you are doing your comps, keep in mind that houses with offensive smoke or pet odors rarely sell for market value. If you have similar problems do what you can to alleviate the smells and create a pleasant environment.

“You can get a bit more for your house because it’s in better repair, or you can ask the same price and it will most likely sell much faster.”

If a home very similar to yours sells for $430k and the roof is in an obviously poor state of repair, you may be able to put a slightly higher price tag on your home. You can look at this in one of two ways. You can get a bit more for your house because it’s in better repair, or you can ask the same price and it will most likely sell much faster. On the other hand, if you see that a home very similar to yours that is in better shape than yours and sold for $430k, you will want to set about doing the repairs necessary to improve the price you can ask.

It will depend wholly on your ability to pay for repairs. It will also be important to keep in mind your time frame. If you must sell quickly and don’t have time or money to do repairs, call an investor to see what you can get for the house. They can buy houses in any condition and the process will be quick.

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