We could make this a very short answer, but what fun would that be?
Let us first look at what the average homeowner does before they list their home for sale. Fresh paint, new floor covering, new plumbing fixtures, new cabinets, new roof, new siding, etc. Ok, you get the idea, these are all things that could increase the value by 10% to 25% over the neighboring homes.
Now let’s look at your home. Maybe you haven’t had the extra cash to replace those outdated cabinets, or maybe the floor coverings are just your favorite color and you don’t want to part with them. These older items have depreciation and they will lower the sales price if you listed your home as-is. Take a little time to document those items that would lower the value of your home, it could be worth hundreds or even thousands of dollars saved on your tax bill.
Long story short, recent sales do not always translate to an increase in the value of your home. This is why we appeal.