SALE PRICE ESTIMATE
100 DEMO DR.
PONTE VEDRA BEACH
OCT 28, 2022
YELLOW'S PRICE OPINION
This is the price we think the home should sell for and why.
LOW
$283,000
MID
$291,000
HIGH
$300,000
6% REALTOR FEE EQUIVALENT
LOW: $299,980
MID: $308,460
HIGH: $318,000
Your home sale on YELLOW does not have Realtor commissions. This is what your equivalent sale price would be with a full 6% fee.
COMMENTS
Hi Jane Smith. Your home looks like its in pretty good condition and is similar to other homes near yours that have sold recently. Mortgage rates have risen slightly since some of those comparable home sales (or “comps”) and the market overall has cooled, so that may lower your price slightly. Based on those comps and the market conditions, we think the market value for your home is around $300,000.
Keep in mind, the sale price for those comps includes a real estate agent fee, which is commonly around 6%. That means you can sell your home for about $283,000 on YELLOW without agent fees and make the same amount as someone selling with an agent.
Listing your home for $283,000 will help your home sell quicker. You can try to sell your home for what we estimate is the market price of around $300,000, but it may take longer to find a buyer. We suggest listing your home between these two figures. For psychological purposes, we suggest setting a price ending in '900' to help it seem like a better deal (i.e. $299,900).
SIMILAR NEARBY TRANSACTIONS
IN LAST 6 MONTHS (FROM JUNE 6, 2022)
COMPS
These are homes similar to yours that have recently sold.
- COMP 1 -
This house is very similar to yours, but the yard is a little bigger and appears to be in better condition. The interior is around the same quality as yours. Plus, the market has cooled since this home sold. Overall, this house should fetch a higher price than yours.
- COMP 2 -
This house is about the same as yours in terms of the exterior and interior. However, the home is on a corner lot and has a pool. The market has cooled since this home sold three months ago. Overall, this house should fetch a higher price than yours.
- COMP 3 -
The condition of this house does not appear to be as good as yours. The yard is not as nice and the interior could use some updating. Prices have come down since this home sold, but you should get more for your home than this house.
- COMP 4 -
This house is very similar to yours, but the yard is a little smaller. The interior looks to be a little nicer than yours, notably the kitchen. The market has cooled since this home sold and it should fetch a higher price than yours.
- COMP 5 -
This house is about the same as yours in terms of the exterior and interior. However, the home is on a corner lot. The market has cooled since this home sold two months ago. Overall, this house should fetch a higher price than yours.
READY TO LIST YOUR HOME?
List your home FOR FREE on YELLOW
It's so easy to sell your home on YELLOW. Find out more in the link below!
We've created a complete guide to selling your home. Learn more in the link below!
MLS-provided home photos used for comparative purposes only.
The price range is determined by the local market, and the market is determined by the recent sale of similar homes nearby. These are referred to as "comps."
We analyze the comps and note the similarities and differences to this property. From there we make adjustments to the price based on different features to get an equivalent price for this property. This is part art, part science.
The data on each home is gathered from public resources. Listing photos are used to establish differences in the properties. Material items affecting a sales price, like listing concessions or financing methods, are unable to be determined. These factors limit the accuracy of this report. A full appraisal is the best method for getting a reliable sale price estimate.
This analysis has NOT been performed in accordance with the uniform standards of professional appraisal practice that require real property valuers to act as unbiased, disinterested third parties with impartiality, objectivity, and independence and without accommodation of personal interest. It is not to be construed as an appraisal and may not be used as such for any purpose.