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Determining the value of your home can be a complicated process. You need to know the demand for homes in your area, what other houses are selling and have sold for, the sellable qualities of your neighborhood, as well as identifying the unique features of your home that will be attractive to potential buyers. An experienced REALTOR® has the background knowledge and resources to best determine the market value of your home. This will ensure you receive a fair price for your home and you won't be waiting for a long period of time to sell the home because you are not in line with the rest of the market. Pricing Your Home How much equity do you have to work with? Consider these factors: When you begin the decision-making process of buying your first home, your Most Referred Real Estate Agent can guide you through the pros and cons of renting vs. buying. A simple evaluation can help you decide if you are financially and personally ready to make the investment of homeownership. Before you set an asking price for your home, we can help you complete a Comparative Market Analysis or CMA. The CMA presents an opportunity to review and evaluate the facts before you make a very important decision—the price you'll ask for your home. Even though we'll set the market range for your home, you determine the actual listing price. If you want to sell quickly, your home should probably be listed on the lower end of the price range we determine. On the other hand, you may be in no hurry and more interested in obtaining maximum equity from the sale. In that case, the higher end of the price range may be more to your satisfaction. But remember that ultimately, it is the buyer who will determine the price. Our Comparative Market Analysis will: • Show what's happening in the local real estate market right now • Show what buyers are willing to pay for homes similar to yours • Show what they won't pay • Show which homes will be competing with yours for buyers' attention The analysis also helps us look at your home from a buyer’s perspective—the perspective that counts when you're pricing your home to sell. Using this process, we will establish a realistic listing price and increase the percentage of qualified buyers who look at your property The market ultimately determines the true value of your property. I am happy to provide a free home evaluation to help you set a price. Here is some of the background information necessary to making a home evaluation. Before you compare your home to similar properties and establish a competitive list price, the following points should be considered: 1. Location |
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