A useful asking price starts with similar completed sales, not the number you hope to achieve. Your home's differences deserve careful attention, and I'll work through them with you.
For Bay Shore single-family homes, condos, townhouses and apartments, the latest market report lists a typical asking price among homes listed for sale of $659,500. The typical sale price was $700,000. The estimated value of a typical home was $658,000, a model-based estimate rather than an appraisal. The number of homes sold in the latest market report was 29.
Asking prices and completed sale prices describe listed and sold groups, so their difference does not measure a negotiation result. A model estimate also cannot substitute for examining your home's condition and features. I would build your pricing decision around relevant completed sales, then consider competing asking prices separately.
Prepare a list of improvements and unresolved repairs so we can review how your home differs from similar sales. Compare homes with similar size, condition and features rather than choosing only the highest nearby sale. Discuss the tradeoff between starting with an ambitious asking price and choosing a price more closely supported by those comparisons.
