The true market value of a home is what a buyer is willing and able to pay for it."
Setting a sales price for a home is a delicate balance. Price too high and the home won't sell; too low and it won't sell for what it's worth. Of course, the sales price should be based on fair market value--what a knowledgeable buyer would pay and an informed seller would accept.
A home's value has a lot to do with what other similar homes in the area have sold for recently, taking into account size, style, age, number of bedrooms and baths, garage, lot size, condition and, of course, location. Ultimately, though, the price you receive for your home will have to do with who the available buyers are, what they're looking for and what other houses are available for sale.
Price Against Comparable Sales in Your Neighborhood
No matter how attractive and polished your house, buyers will be comparing its price with everything else on the market.
Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood.
Below is the last few months of home sales in Brandermill.
|
RES |
MLS No. |
Address |
Bedrooms |
Full/Half Bath |
Rooms |
Square Feet |
List Price |
Sold Price |
Days On Market |
|
1 |
2841475 |
3103 Quail Hunt CT |
5 |
3/0 |
1,812 |
$149,900 |
$135,000 |
37 | |
|
2 |
2841792 |
13116 Morning Hill LN |
4 |
2/1 |
1,920 |
$158,100 |
$148,500 |
40 | |
|
3 |
2835744 |
3202 Fox Chase RD |
3 |
2/1 |
1,572 |
$198,800 |
$115,500 |
13 | |
|
4 |
2833145 |
3711 Muirfield Green DR |
3 |
3/0 |
1,736 |
$209,000 |
$211,000 |
101 | |
|
5 |
2831526 |
13616 Hunts Bridge RD |
4 |
2/1 |
1,986 |
$209,950 |
$195,000 |
90 | |
|
6 |
2836369 |
3132 Quail Hill DR |
4 |
2/1 |
2,200 |
$210,000 |
$212,000 |
112 | |
|
7 |
2900077 |
3213 BARNES SPRINGS TER |
4 |
2/1 |
2,430 |
$213,000 |
$214,000 |
41 | |
|
8 |
2840070 |
2802 Cove Ridge RD |
2 |
2/1 |
1,997 |
$218,000 |
$207,000 |
73 | |
|
9 |
2836630 |
13910 Autumn Woods RD |
4 |
2/1 |
1,984 |
$224,950 |
$205,000 |
161 | |
|
10 |
2902328 |
14306 Regatta Pointe RD |
3 |
2/0 |
1,440 |
$225,000 |
$225,000 |
3 | |
|
11 |
2827985 |
2506 Crosstimbers CT |
3 |
2/1 |
1,882 |
$227,950 |
$219,500 |
112 | |
|
12 |
2840275 |
13704 Quail Meadows LN |
3 |
2/0 |
2,698 |
$237,500 |
$237,000 |
35 | |
|
13 |
2905683 |
2301 Shadow Ridge CT |
4 |
2/1 |
2,200 |
$249,500 |
$246,800 |
7 | |
|
14 |
2902129 |
2450 Sandy Brook LN |
4 |
2/1 |
1,988 |
$259,950 |
$257,000 |
6 | |
|
15 |
2834284 |
14408 Birnam Woods RD |
4 |
2/1 |
2,332 |
$260,000 |
$250,000 |
53 | |
|
16 |
2826131 |
13604 Pebble Creek TER |
4 |
2/1 |
2,250 |
$269,950 |
$270,900 |
143 | |
|
17 |
2902391 |
4429 Old Fox TRL |
4 |
2/1 |
3,048 |
$295,500 |
$285,000 |
16 | |
|
18 |
2834993 |
13906 North Point RD |
5 |
3/0 |
3,388 |
$359,900 |
$352,500 |
7 | |
|
19 |
2837440 |
2403 Chimney House TER |
5 |
4/0 |
3,450 |
$359,950 |
$335,000 |
134 | |
|
20 |
2839246 |
5817 Harbour Hill PL |
5 |
3/0 |
4,384 |
$399,950 |
$395,000 |
69 | |
|
21 |
2901725 |
13911 Riverbirch Trace RD |
4 |
3/0 |
3,200 |
$469,900 |
$464,000 |
13 | |
|
22 |
2834462 |
13814 Rockport Landing RD |
4 |
2/1 |
3,724 |
$639,000 |
$625,000 |
5 |