If you're thinking about putting your home on the market, you may wonder how you go about determining what the price shoud be. Anne & Rich Selle use a detailed process for making the best estimate possible. First we look at your home to see it's condition and all of the amenities it has. We then go back in our Multiple Listing System and find the most comparable properties that have sold in the past 6 months. We then go through each one to make adjustments to the price for all the things that are different from your home. For example if yours has a 3 car garage and the comp has that a two we would add about $3500 to the sales price to compensate for that difference. Appraisers have come up with lists of adjustments for all the features of a home that may vary & these are what we use. These adjustments represent what a buyer in this market will pay for that particular item. Often times what a buyer will pay for an addition you have made may be less that the cost of the improvement. If you're thinking of doing some work, we are always happy to consult with you regarding the return on your investment.
I'm Rich Selle an active Realtor with RE/MAX Pueblo West. I've got 30 plus years real estate sales experience and I'll try to give you some insights about our market.