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Your neighbor’s home sale can teach you a significant amount about your future sale.

Seeing a big “Sold” sign out front of your neighbor’s house could spike quite a bit of jealousy, particularly if you’ve been thinking of selling your own home. However, if your neighbors sell, this is actually great news! It means that if they were successful, you could be, too! Better yet, your neighbor’s home sale price can teach you a lot about what to expect for your own future home sale.

Expected Timeline

Did the home sell in just a few days? Did it spend months on the market? Take note of how long your neighbor had the “For Sale” sign out front and you’ll be able to get a better idea of how long it might take your home to sell. No one likes having their home listed for months before finally getting an offer, but don’t let that discourage you. If your neighbor sold his or her home in a matter of days, it likely indicates that the buyer interest in the area is high – meaning now is a good time to list your home!

Determine the Price

If your home is similar to your neighbor’s, and in the same condition, you can get an idea of what price you could list your home for sale. At the very least, you can use it as a reference point when trying to choose a list price for your house. Even if the home sold didn’t have the same layout as yours, it could still help you know what it takes to potentially sell successfully in your neighborhood.

Figure Out Where to Focus

Release the inner nosy-neighbor in you – attend your neighbor’s open house and pay attention to what’s “wowing” potential buyers. For example, if people love the back yard space, it may be worth touching up your own outdoor areas. Consider investing in features that will ultimately impress potential buyers with remodeled spaces, a fresh coat of paint, and TLC. Walk around your neighbor’s house to get a feel of what you should expect to do if you placed your home for sale. If they’ve prepared correctly, they should have spotless floors, a clean home, a tidy back yard, and eliminated clutter.

If you desire a “Sold” sale sign outside of your house, your neighbor’s home sale can help you to get there, believe it or not! When you’re getting the house ready to sell, enlist the help of a professional and reliable Realtor. To get started, contact Jenn Blake Real Estate Group at Pacific Sotheby’s International Realty in San Diego, California at 858-663-6788.