What Your Asking Price Actually Costs You
The real economics behind your listing price — including what waiting actually costs you.
Property tax based on Buncombe County (0.547%) + Town of Biltmore Forest (0.345%) of assessed value, applied to estimated market value. Other lines scale with home value and lot size. Edit any line to override; "Reset to estimate" returns all lines to auto-derived values.
Square footage, lot size, and condition are entered above. The PSF anchors below come from the most recent 12 months of closed sales in your neighborhood. You can override them if you have specific knowledge of nearby comps.
Median DOM for your neighborhood. Auto-loaded from quarterly MLS data.
Thin price bands (fewer comps) widen the variance ranges. Auto-loaded from quarterly MLS data.
Median CP/LP for your neighborhood. The percentage of asking price homes typically close at.
Auto-derived from estimated tax (BF + Buncombe), insurance, maintenance, and grounds. Edit the line items in the breakdown panel above the asking-price input.
Time on market reduces achievable price. Default 1% for thin markets like Biltmore Forest where DOM is structural; thicker markets typically run 2–3%.
10-year trailing average is ~10%. Lower this if your alternative use of proceeds is more conservative (bonds, cash, replacement home).
Annual home value growth. Pull from your MLS 5-year trend.
Economic position vs. selling at market today. Cells colored by outcome.
Oby is fully devoted to helping you locate your dream home and providing support for all your selling needs, ensuring a smooth and satisfying real estate process from start to finish.