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Homes for Sale Brentwood TN | Brentwood TN Real Estate | Gennifer MallardHomes for Sale Brentwood TN | Brentwood TN Real Estate | Gennifer Mallard

Gennifer Mallard
Realtor, Real Estate Broker

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(615) 473-5973 Direct
(615) 371-1544 Office
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How Other Home Sales Can Affect Yours

Two similar homes can sell at wildly different price points — but why? If you’ve spent any time looking at Nashville, Franklin or Brentwood real estate listings, you’ve noticed homes for sale all over the price spectrum.

There are several factors that determine how much an individual home is worth, and what adds value to one may detract it from another.

One thing that you need to know is that other home sales can directly affect yours.

How Other Home Sales Can Affect Yours

Your Realtor(R) will give you a free comparative market analysis (you’ve probably heard this referred to as a CMA) that helps you determine the right price for your home.

The CMA is an incredibly helpful tool because your home’s value is directly related to current market conditions in your city and even within your neighborhood.

Other factors that can affect your home’s value — either in a positive or negative way — can include:

  • Foreclosures in the neighborhood or nearby
  • Location in respect to community amenities (as well as whether new shopping centers, entertainment venues or other amenities are planned nearby)
  • Logistics such as community safety, commute times to nearby cities, and access to public transit

Upgrades you’ve made in your home can affect its value, but not always in the way you think they will; if you have the biggest, most modern house in the neighborhood, it may not be as easy to sell as it would be in a neighborhood full of comparable homes.

Naturally, some of these things are out of your control. Unfortunately, that means it’s not always easy to predict how much your home is worth without a current market analysis. Because some of these things can change in a short span of time (such as the bank foreclosing on the home across the street or the city unveiling a plan to build a freeway just outside your neighborhood), it’s important that you only rely on current data from your Realtor when you’re pricing your home.

Are You Selling a Home in Williamson County or Davidson County?

We’ll be happy to give you a free CMA, so call us at 615-473-5973. If it’s easier, contact us online. We’re here to help you sell your home quickly and at the right price!

 

Posted in: Blog, Selling

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Did you know the hottest homes for sale in Brentwood often sell within days of being listed? Don’t miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

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As local Brentwood Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure… we hope to hear from you!

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Benchmark Realty, LLC

Gennifer Mallard, Realtor

615-473-5973 Direct

615-371-1544 Office

GenniferMallard@gmail.com

Benchmark Realty, LLC
318 Seaboard Lane, Suite 112
Franklin, TN 37067
License #00292590
Company License #259153

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