Home value analysis uses our extensive market data, looking at regional and neighborhood sales trends and real-time pricing data for comparable homes.
The most important decision that you will make with us, as your Real Estate Advisor, is determining the right asking price for your home. The market ultimately determines the market value of your property.
When we look at the pricing of homes we look at factors such as:
We do this by comparing all active and sold as well as expired listings on the MLS as well as private sales.
Sold: Those homes that have recently sold represent what buyers in the present market are willing to pay.
Actives: Prices that Sellers are hoping to obtain.
Expired: Represent homes that did not sell usually due to bad marketing and overpricing
Market Trends: What the temperature is of the marketplace, the economy and fear factor. This is sometimes a “reality “ check.
We provide you with a full market analysis of any sales, expiries and active listings that best compare to your home. This is used to determine a realistic price for your home that the present market will bear. As we take the time to visit or show most homes in our market area, we are able to provide you insight into each home and pricing factors. A very valuable asset.
The market is a reflection of what buyers are willing to pay. It is a reflection of the amount of buyers searching versus the availability of homes. Simple Supply and Demand. We will supply you with all the facts that will help you make a smart decision on pricing your home. We will prepare a Comparable Market Analysis for you and then together we will establish a price. From that a marketing plan and getting your ready for the market will be put into place.