When we hear someone say “I sold my house,” the first thing we want to know is how much it sold for. #dtla #homeprices #sold
The L.A. Loft Blog now has SOLD prices!
When determining the value of a home and trying to figure out what it might sell for, buyers and sellers commonly make the mistake of focusing on listed asking price. That listing price is only a starting point, while the recently sold prices of comparable nearby properties are the correct prices to look at to determine market value and the likely selling price. Sold prices are the actual amount of money paid by buyers to sellers when the homes closed escrow.
DOWNTOWN LOFT SOLD HOME PRICES:
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How much is my home worth?
Sold prices are what appraisers, banks, lenders, agents and other real estate professionals look at to determine the real value. Sold prices are the key to determining how much a seller should ask for a property. In addition to actually asking the seller what price and terms they need, checking the recently sold prices are the only real way to know how much a buyer should offer for a property. The asking price is an indicator of a possible price ceiling, and the asking price provides a clue as to what the seller expects to get for their home. Asking price can be pie in the sky wishful thinking, while sold price shows how much home buyers actually forked over of their hard-earned money. The sold prices, also called comparable prices or comps, must be of comparable nearby properties that sold within the last six months. Sold price is the real price for real estate.
FIND OUT WHAT THE HOME DOWN THE STREET SOLD FOR
Get a free list of sold homes with photos, property details and prices in Downtown Los Angeles or any Southern California neighborhood. Fill out the online form:
LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.