How Did the House Compare to What Buyers Could Buy Instead?
Buyers don't evaluate your home in a vacuum. They compare it with every reasonable alternative available at the same time.
The question isn't simply whether the house was “worth” the price. It's whether buyers saw enough value compared with the competition.
- Competing active listings
- Recent comparable sales
- Price-range competition
- Condition differences
- Location differences
- Buyer incentives and concessions