Sherman Oaks, California, realtor Barry Dantagnan serves as a previews estate director. Barry Dantagnan works with homeowners to help them sell their property at the best price possible.
If you are looking to sell a house, you want the best price for it. While you may have a target in mind, your neighborhood plays a role in the ultimate price tag on your home.
Your home’s value will reflect local prices. To determine just how much the market is willing to pay for a home in your neighborhood, research previous homes sold in the area within the previous six months. Interestingly, the same house in a different location could sell for a different amount.
Your home’s price tag will also mirror local demand. If your neighborhood has a growing population with a large job base, the price tag will be high. If the job base is lower and the population waning, the market won’t bear as high a price.
Other factors to consider include neighborhood boundaries, proximity to railroads or freeways, security, and square footage.