Are you thinking about putting your Fairfield Condo on the market? In any type of market, property values are constantly changing, so figuring out the ideal listing price for your property requires a bit of research.
In this article, we give you a few handy tips that can help you find out how much your condo is worth:
Look at stats of nearby properties
You can look at nearby property stats through AddressReport, which shows you data from specific areas, such as median household income, recent sales, and percentage of buyers and renters. This website can be very useful for sellers, as they’ll be able to see how much comparable properties are selling for in their area, and will give you a good idea of what appropriate price range you should consider.
Take note of your neighborhood’s advantages
Quality of life is an important aspect, and it comes into play when you’re marketing your property. Figure out which features appeal to buyers, and be prepared to answer questions about it. Gather important data about your neighborhood, such as school district info, crime rates, demographics, and nearby parks, restaurants, shopping centers, and other attractions.
Living in a neighborhood that offers plenty of amenities can translate into more value, so it’s best to highlight them when you’re marketing to prospective buyers.
Take future plans and improvements into account
Information on improvements in your area can be provided by your real estate broker. For example, new buildings might be constructed several blocks away from your property. An informed real estate professional will know what this might mean for your condo – in case it’s a posh new condo development or shopping venue, chances are it will be able to boost your property’s value.
Need more help? Simply fill out our home valuation request form here.