What is your Home Worth?
Sample Comparative Market Analysis
In our CMAs we examine the sales activity of comparable properties, assess the inventory of similar homes for sale, and track the history of nearby sales prices.
The report shows how much your homes could sell based on the location and characteristics of your property in relation to comparable homes.
CMAs include: photos, maps, graphs and charts.
Pricing your Home to Sell
Listing your home at the right price is crucial to its eventual sale. If you want to sell quickly, your asking price should be very near the value.
If your home is listed at a price that is above market value, you will miss out on prospective buyers who would otherwise be prime candidates to purchase your home. If you list at a price that is below market value, you will ultimately sell for a price that is not the optimum value for your home.
By pricing your property at market value, you expose it to a much greater percentage of prospective buyers. This increases your chances for a sale while ensuring a final sale price that properly reflects the market value of your home. Generally, the price should not exceed the value by more than 5% or potential buyers may not even make offers.
Here are a few things to keep in mind about pricing:
- Realistic pricing will achieve maximum price in a reasonable time.
- Your cost or profit desire is irrelevant; the market determines the price.
- The cost of improvements are almost always more than the added value.
- Houses that remain on the market for a long time do not get shown.
- A house that is priced right from the beginning achieves the highest proceeds.
Timing the Sale of Your Home
A property attracts the most attention, excitement and interest from the real estate community and potential buyers when it is first listed on the market.
Improper pricing at the initial listing misses out on this peak interest period and may result in your property languishing on the market. This may lead to a below market value sale price, or, even worse, no sale at all.
So…What is Your Home Worth?
Let us provide you with a detailed Comparative Market Analysis (CMA) that shows your home’s current market value and how it compares to similar homes for sale. All we need is the property address and your contact information.
Please know that these are not automated reports; each CMA is created by a licensed Realtor with expertise in the local community. We will get back to you with a report as soon as possible.