The Housing Market and Your Home
The price point of your home is directly related to the housing market- specifically, the housing market in your immediate Kerrville neighborhood.
When an agent sets the sale price of a home, they usually do so by considering the selling points of similar homes in the area. For example, the sale of a high-priced luxury home for sale right up the road might allow you to raise your asking price. On the other hand, a neighboring foreclosure might have a negative impact on your potential sale price.
If you are curious about the Kerrville real estate market around you, your REALTOR® will be able to generate a list of homes sold in your neighborhood within the past 3-12 months. This list will give you insight into the housing market in your neighborhood and your home’s potential sale price.