Recently sold properties & real estate prices | Allhomes (2024)

FAQs

Is it better to list low or high? ›

Lower on the range will sell faster, and higher will sell slower.” When homes are priced slightly below the market value, buyers tend to see the listing as a great value—especially in a low-inventory market. And lower prices are likely to lead to a bidding war or the home selling over asking price, adds Bromberg.

Visit your county clerk's office to search records.

A county clerk's office maintains all records related to real estate for the area it serves. This includes information related to sales price. Tell them the address you are looking for and let them know you need the sales price.

In the real estate world, pending means a property offer has been accepted and the contingencies met, but the sale hasn't been finalized yet.

Real estate websites are the perfect place to start when looking to discover information about recent home sales. By searching for the address of the house you're interested in, you can quickly and easily find the sold price and any other relevant details about the property you seek.

Thursday is the most popular day for agents to debut new listings. According to Redfin, homes listed on that day sell the fastest. Homes listed on Thursdays have the edge of most likely being sold within 90-180 days. Also, the best time to list a house is around 5 in the afternoon.

The amount you may want to reduce your home's asking price depends on many factors, including the median price in your area, what comparable homes nearby are selling for and the length of time the home has been on the market. According to a Zillow study, the average price cut is 2.9 percent of the list price.

A home sale can be “pending” for 30 to 60 days, depending on the purchase contract, the due diligence (if any) that needs to be conducted, the borrower's ability to get financing, and more.

If a home is listed as pending, all contingencies have been met and the sale is further down the closing path, with most of the paperwork in place — but the transaction has not yet been completed. You are more likely to be successful making an offer on a contingent home than a pending one.

If the seller's situation aligns with a contingency, they are free to walk away. But if it doesn't, trying to back out can be costly and futile.

1. Search public records. The most accurate way to find out the past value of a house is to head for the public records. To find what you're looking for amongst this data, you'll need certain information, such as the property address, along with the section, block and lot numbers.

How do I calculate the selling price of my house? ›

The Canada Revenue Agency defines fair market value as: "The highest price, expressed in terms of money, that a property would bring, in an open and unrestricted market, between a willing buyer and a willing seller who are both knowledgeable, informed, and prudent, and who are acting independently of each other."

Appraisals vary — sometimes they're too low, sometimes they're too high and sometimes they're just right. If you believe your appraisal came back too high, don't be tempted to list your home for that inflated price. Overpricing can lead to a price cut or a stale listing, both of which can be red flags for buyers.

Setting the Listing Price

It can also be a useful way to convince buyers to take a risk on a home that needs some repairs. Setting the price too low, though, can result in offers that you would not accept and can drive away potential buyers who would prefer not to be part of a bidding war.

Don't price it too high

Your house's market debut is your first chance to attract a buyer and it's important to get the pricing right. If your home is overpriced, you run the risk of buyers not seeing the listing.

Even though you want to bring in top dollar when you sell, setting the asking price too high may deter buyers and slow down the sales process. Connect with a local real estate agent to find the right price for your house, so we can maximize your profit and still draw in eager buyers willing to make competitive offers.