However, life isn't ideal and most times there won't be identical homes for you to compare.
You might have to compare your home with a similar home that sold 18 months ago. Or, maybe you'll have to look at a similar home sold in a nearby subdivision or community.
Guessing the fair market value of your home is not an exact science because your are measuring many different factors. For instance, when you look at comparable homes that sold recently, their selling prices reflect things such as:
- Supply and demand. Were there too many homes for sale or too few homes for sale?
- How many buyers were in the market at the time of the sale?
- How soon did the seller have to sell? Was there enough time to get maximum market exposure?
- Was the local real estate market going up or down at the time of the sale?
- What was the physical condition of the home when it was sold? Was there termite damage? Bad carpeting and paint?
- Was there an untidy or nosy neighbor next door?
- Was this home on a busy street with poor access?
Terez B. Harris
Keller Williams Realty New Orleans
504 975 1033
TerezHarris@KW.com
TerezSellsNolaHomes.com
8601 Leake Ave., New Orleans, La 70118
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Terez B. Harris Terez Harris NOLA Real Estate Group 504-297-2619 www.TerezHarris.com
Keller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100
Each office independently owned and operated. All brokers and agents licensed in the state of Louisiana.Keller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100
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