Get a FREE List of Recent Home Sales and Active Listings in Your Area
Looking to sell a home in RI? Before you put your own house on the market, you need to find out what other homes in your neighborhood have sold for.
If you know the prices of similar houses in your Rhode Island neighborhood, you’ll get a good idea of what yours might be worth if you were to list it under current market conditions.
In addition, you will need to know how active listings are priced.
How market changes affect asking price when you sell a home in RI
There are a lot of factors that can impact the sale price of your home. In addition to its condition and value, market demand can change based on:
- Supply of homes available for sale
- Mortgage interest rates
- Homebuyer confidence in the larger economy
- Increasing or decreasing popularity of the area
Changes to any of these and other factors can move prices up or down. That’s why it’s important to do some research on what similar homes are selling for nearby.
This is critical information that you must have weeks before you put your home up for sale. You want to know what the local market looks like before you ever set your asking price. Because, if you list too high, your home could sit unsold for months. On the other hand, if you list it too low, you’ll certainly lose money in the negotiation.
Before you sell a home in RI, find out what it’s really worth
The other important research you should do before putting your house on the market is determining its value. No matter what the market conditions look like, your home has value. There are certain things that go into evaluating its price as well:
- The home’s condition and repair
- Size and number of rooms
- Upgrades and features
- Location in the neighborhood
When you know what factors increase or decrease your home’s value, you can improve things that are possible to change. For example, you can’t change the location of your home, but you can make repairs and fix problem areas.
Most homebuyers want to do as little maintenance as possible when they move into a new home. If your house is in tip-top shape and the inspection comes back clean, you can get a better price for it. Especially if it’s more move-in-ready than similar houses for sale nearby.
Get real, local market info when you work with Nathan Clark’s real estate team
Thankfully, Nathan Clark and his award-winning team of dedicated real estate professionals can help you out. With our free market analysis, you can find out what other homes are selling for in the area and compare. You’ll be able to see similar homes currently for sale as well as recently sold homes.
This information will inform your asking price when you sell a home in RI. The best part is that it’s completely free and there’s no obligation.
If you decide to work with Your Home Sold Guaranteed Realty – The Nathan Clark Team, you’ll get even more help. We can answer any questions you have about selling your house. We’ll also give you more free information than other realtors, along with special seller’s guarantees.
To receive a detailed listing of all recent home sales and active listings in your local Rhode Island community, just fill out the form below!