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Determining the Market Value of Your Home
Market value is the value of your house as seen through the eyes
of a prospective buyer who has many properties to choose from.
A comprehensive market analysis is essential to determining value
This market analysis has many elements:
- Location is one of the most important elements
- Characteristics of the property is another
- Similar properties for sale in your area are considered
- Recent sales of comparable properties are also included
Our goal is a price that will attract a willing and
able buyer, in a reasonable time, at the best price:
- Price should not exceed market value by more than 5%
- If overpriced, potential buyers may not even make offers
- Overpriced houses get "stale" with buyers and agents quickly
- Long marketing periods can be expensive due to loss of
buyer interest and "wasted" mortgage payments
Things to keep in mind about pricing:
- Realistic pricing will achieve maximum price in a reasonable time
- Profit desire is irrelevant; the market determines the price
- The cost of improvements is almost always more than their added value
- Houses that remain on the market for long periods of time
lose interest and do not get shown - A house that is priced right from the beginning
achieves highest total net income
Fair Market Value
How do you sell your home for the best price, in the shortest time, with the most favorable terms and conditions?
BY PRICING RIGHT TO BEGIN WITH.
Major factors effecting market value:
- Price
- Supply and demand
- Seasonal markets
- Mortgage rates
- condition of the property
- Location, location, location
We'll do it right!
The Comparative Market Analysis will consider all the market factors and determine a fair Market Value that will result in the highest price and the fastest sale of your house.
Our goal is listing your property right... from the beginning.
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