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Initial Consultation
Proper Pricing
I will assist you with pricing your home based on a competitive market analysis. This will help you set the best price on your home so that it will sell within your time frame.
I will also review potential costs associated with selling your home in order to reduce the likelihood of surprises.
Market Value
Understanding Market Value
Market-sensitive pricing can be the key to maximum market exposure and ultimately, a satisfactory sale.
Competitive Market Analysis
A Competitive Market Analysis (CMA) is an evaluation of similar, recently sold homes in proximity to the home intended to be bought or sold. These homes are of similar size, condition, age and style. Neither a seller nor a sales associate can determine the price of a home; the market determines the price of every home.
Dangers of Overpricing
An asking price beyond the market range can adversely affect property marketing.
• Fewer buyers are attracted and fewer offers will be received.
• Marketing time is prolonged and initial marketing momentum is lost.
• The property attracts lookers and helps competing houses look better.
• If a property does sell above true market value, it might not appraise and the buyers may not be able to secure a loan.
• The property may eventually sell below market value as a result of extended days on the market.