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Market Analysis Explanation
The correct selling price of a home is the highest price the market will bear. To assist you in determing the correct asking price, we will provide you with a comprehensive market analysis of comparable properties that have been recently offered for sale in your neighborhood.
This analysis is based strictly on homes that can be considered similar to yours and will be prepared especially for you.
This ‘comprehensive’ property analysis is divided into four categories:
- Similar properties that are currently listed
- Similar properties that have recently sold
- Similar properties that have sales pending
- Similar properties that failed to sell
By carefully studying the comparable property locations, features, and the terms under which they are offered, we can develop a clear picture of the potential market for your property.
By looking at the properties currently listed, we can see exactly what alternatives are available to serious buyers and we can be certain not to under-price a property.
By looking at similar properties recently sold, we can see what homeowners have actually received over the last few months. This is the acid test that is used by lending institutions to determine how much they will be willing to lend a buyer for your home.
While we naturally want top market value for your home, we can agree that there’s a point where the price would be too high. By looking at homes that did not sell, we can accurately determine that price point and be careful not to get too close to it. By doing our homework diligently, we can get maximum dollars in a reasonably short period of time.
Click here to receive a free market analysis of your home.
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