COMPARATIVE MARKET ANALYSIS
Did you price your Property right?
Comparing Sales of Existing Homes and How Those Comparables Affect The Real Estate Offer Price
Home pricing is the most important factor to consider in order to sell your home quickly and easily.
The usual mistake made by the seller is that their asking price is way too high. You cannot fool the market. It is best to price your home right because if you overprice it and it stays in the market for a long time, buyers will lose interest, thinking that it has not sold because something is wrong with it, or other homes in your area similar to yours may be selling at a more realistic price. Pricing your home correctly will save you a lot of time and frustration. Generally, most of the best and highest offers come during the first few weeks when the most potential buyers view a home.
A number of factors are taken into consideration when preparing a CMA - square footage (or square meters), age, number of bedrooms and baths, condition, location, and amenities.
We can also prepare a marketing plan for your property based on other information about the current market, recent sales in the area, how many homes have been sold in that area, how long they were in the market before they sold, and selling time. After this has been done, we can decide on an appropriate price for your property. Keep in mind: IT IS IMPORTANT THAT YOU PRICE YOUR HOME RIGHT.
Prevent your home from becoming an expired listing. A Comparative Market Analysis will give you a realistic pricing decision and the odds are you will sell your home fast and in the price range you are asking.
For details, kindly contact us without an obligation. We will be able to provide you a reasonable estimate of an asking price through a complimentary Comparative Market Analysis.
Kindly note below a link regarding a Forbes.com article of interest relevant to the above subject matter, entitled, "Soft-Market Secrets to Selling a High-End Home"
http://www.forbes.com/2008/01/02/property-selling-tips-forbeslife-cx_mw_0103realestate.html?partner=forbeslife_newsletter