How the Local Housing Market Will Affect Your Home

Think the price of a home is arbitrarily set by the seller?  Think again.  While it would be nice to name the price your home will sell for, the price point of your home is directly related to the housing market- specifically, the housing market in your immediate North Houston neighborhood.

Upon deciding to sell your home, it is advised that you call a Realtor to come look at the features and condition of your home.  After they are able to see the whole picture of your home, they’ll begin considering the selling points and prices of similar homes in the area.

Having access to the MLS system, they’ll pull a list of comparable homes that sold in your neighborhood within the past 3-12 months. This list will give both you and them excellent insight into what a home into general price points in the area. The average of these price points will create a suggested price range of what the Realtor will suggest you price your home at.

If you’re curious about the North Houston real estate market around you, a local, knowledgeable Realtor can provide a comprehensive market analysis.  The results will give you insight into the housing market in your neighborhood and your home’s potential sale price, allowing you to make the decision of whether you should sell your current home or stay there.