Sample CMA

SELLING YOUR HOME A COMPARATIVE MARKET ANALYSIS PREPARED FOR 2050 ENTERPRISE DRIVE, TROY, MI, 48083

August 15, 2016

Client Name,

I appreciate the opportunity to provide you with a Comparative Market Analysis for your home.

Prepared exclusively for you, this analysis contains a summary of the most recent real estate transactions in your area for homes that are similar to yours. While none of the homes included in this analysis are exactly like yours, they do provide a good basis by which to compare your home with the "competition."

The following pages contain descriptions of each property with their "status," that is, whether it is currently available for sale, under contract, sold, or was listed for sale but did not sell. A short description of each property is provided, followed by a summary table of each property's key features, which allows you to easily compare the features of your home with others in your area.

Your home may have special features or improvements that could substantially affect the price range in which it should be listed. We will discuss pricing in more detail after you have had a chance to review the enclosed information.

Please give me a call if you have any questions or would like any additional information. I look forward to working with you and selling your home quickly.

Sincerely,

Dan Elsea Real Estate One Family of Companies

YOUR LISTING CONCIERGE Dan Elsea is the President of Brokerage Services at The Real Estate One Family of Companies and has been in the real estate business for over 30 years in a number of capacities within the company from commercial and residential sales to branch and division management. He has served in his current role as President of Brokerage Services since 1998. The brokerages generated over $4.7 billion in sales volume in 2015 and over 24,000 real estate transactions. The company was founded by his grandfather in 1929 and has grown to become Michigan's largest real estate company with 75 offices across the state.

• President Brokerage Services • 2015 Board Member of Leading Real Estate Services of the World (LRE) • 2015 Swanepoel's Power 200 List of the most power people (along with brother, Stuart) in residential real estate (2nd consecutive year) • Realtor.com Broker Advisory Board

In the Past:

• • • • • • • • •

Chairman of NAR Top 75 Brokers forum Chairman of National Association of REALTORS® (NAR) Real Estate Services forum Treasurer of LRE LRE Board Member Michigan Association of REALTORS® Board of Directors President of Detroit Commercial Board Metropolitan Consolidated Association of REALTORS® (MCAR) Board of Directors MIRealSource Board of Directors Providence Hospital West Region Board of Trustees and Finance Committee member Other various local, state, and national committees REALTORS® Political Action Committee Golden R and Presidents Circle Member

YOUR LISTING CONCIERGE Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim.

Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo. Nullam dictum felis eu pede mollis pretium. Integer tincidunt. Cras dapibus.

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Phasellus viverra nulla ut metus varius laoreet. Quisque rutrum. Aenean imperdiet. Etiam ultricies nisi vel augue. Curabitur ullamcorper ultricies nisi. Nam eget dui. Etiam rhonc Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim.

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Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo. Nullam dictum felis eu pede mollis pretium. Integer tincidunt. Cras dapibus.

Vivamus elementum semper nisi. Aenean vulputate eleifend tellus. Aenean leo ligula, porttitor eu.

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim.

Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo. Nullam dictum felis eu pede mollis pretium. Integer tincidunt. Cras dapibus.

Vivamus elementum semper nisi. Aenean vulputate eleifend tellus. Aenean leo ligula, porttitor eu.

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium.

MY TEAM OF INDUSTRY PROS Company First name last name Title

Company First name last name Title

Phone Email

Phone Email

Company First name last name Title

Company First name last name Title

Phone Email

Phone Email

Company First name last name Title

Company First name last name Title

Phone Email

Phone Email

Staunton Financial, Inc. DBA: John Adams Mortgage, Company NMLS #140012, 25800 Northwestern Highway, Ste. 110, Southfield, MI 48075

TALKING THE TALK WALKING THE WALK [Agent customized intro text to testimonials] Si tem voluptatia velesto estrum ius, comnihi litaturepra dolo mosti coriasime consenia quae lautem voluptatio te id maxim liandae. Nem. Olectio nsedipi ciminihicit adias expla comniendi te net pro experumquo estiant doleseq uiatiusdae volecto ditatibus sitiumque “Caring and competent. Conne will get the job done for you and will keep you well-informed the whole way through. Even though we were selling our home from out of state, she kept us in the loop and well advised.”- pastrdj

“I used to work with Conne back in the 90’s listing and selling real estate out of the same office. When I quit doing real estate I knew there was only one person to call when it came to listing and selling my own two separate pieces of real estate, (vacant land and house and land) and that was Conne. She’s hard working, has a team of people to help you deal with the different phases of listing and selling. Oh! And my house in Michigan? She sold in LESS than a WEEK!”- lisa4jewels

“Conne Made Finding Our Home Fun and Has Good Industry Knowledge!”Nathan Thrasher and Jamie Neiman

“We finally found our dream home after years of searching. We never would have come to an agreement to get it without her guidance and local knowledge. We have purchased 2 homes in the area over the years and have come to rely on her advice and guidance. She knows her clients better than they do sometimes and is what an agent should be!”- cballnik

OUR STORY The Real Estate One Family of Companies is a Michigan-based company and is the largest real estate broker in the state.

The family of companies is ranked 13th nationally. In its third generation of family ownership, the Real Estate One Family of Companies consists of four real estate brands, Real Estate One, Max Broock, Johnstone & Johnstone, and the Charles Reinhart Company, as well as HomeSuite, our one-stop shop of real estate services including John Adams Mortgage, Capital Title Insurance Agency, Insurance One, Relocation America International, and Rental Management One. The members of this company-wide family dedicate themselves to the core values of excellence, caring, integrity, teamwork and empowerment. Demonstrating these values to their fullest potential has earned the companies a "Michigan Top Workplaces" title since 2011. Every day is spent striving towards the mission of creating the best real estate experience through its family of services.

A STATEWIDE NETWORK Our network of 75 offices and over 2,000 sales associates allows me to connect your home with serious buyers.

A YEAR IN REVIEW Becoming the 13th largest broker in the Nation doesn't happen by chance.

Below are four reasons why we continuously rank in the top 15 in the U.S.

200,810

24,331

SHOWING APPOINTMENTS

PROPERTIES SOLD/LEASED*

5.86 Billion 2.28 Million

$

IN SALES VOLUME*

UNIQUE VISITS TO OUR WEBSITES + APP

Real Estate One Family of Companies 2019 Data * Franchises included

WE KNOW OUR NEIGHBORS We're the only broker to hold a top position in every Metro Detroit market.

As market leaders in your community, we're familiar with your market and we use this knowledge to create a successful experience selling your house.

METRO MARKET LEADER Ann Arbor Birmingham Chelsea Chesterfield Twp Clarkston/Waterford Clinton/Macomb/Fraser Commerce Dearborn Detroit Dexter Downriver Franklin/Beverly Hills Milford

Livonia/Redford Novi/Northville Oxford/Lake Orion Rochester Royal Oak Saline/Milan Southfield/Lathrup Village South Lyon St Clair Shores Sterling Heights/Warren/Shelby Twp Ypsilan„ West Bloomfield/Farmington Hills Westland/Garden City

2019 Broker Metrics

MICHIGAN'S LARGEST REAL ESTATE BROKERAGE We're the largest real estate firm in Michigan, closing nearly 8,000 more transactions than our closest competitor. Being the largest is a result of thousands of little things done right, ensuring you the best representative in the transaction of your house. We’ve developed a system that produces success and you’re a part of it!

Real Estate One Family of Companies Coldwell Banker Schmidt Berkshire Hathaway HomeServices Coldwell Banker Weir Manuel Five Star Real Estate Greenridge Realty, Inc. KW Royal Oak KW Professionals KW Grand Rapids 10,000

20,000

2020 REAL Trends 500 by sides

PROUD TO BE RANKED TOP 15 NATIONWIDE Our family of companies consistently ranks in the Top 15 brokers in the nation and is the 9th largest independent brokerage. Your selling experience is serviced by one of the best brokers in the country while you reap all of the local benefits of our close connections and care.

[15] @Proper es 21,877 [1] HomeServices Of America 329,680 [3] eXp Realty 130,627

[12] RE/MAX Results 22,931

[13] Real Estate One Family of Companies 22,237 [11] William Raveis 23,160 [10] Douglas Elliman 23,460 [4] Compass 117,253 [2] Realogy 325,652 [5] Howard Hanna 101,512

[9] Crye-Leike 25,773 [14] Keller Williams Realty Pinnacle 22,038

[6] HomeSmart 42,268 [8] West USA Realty 26,485

[7] KW, GO Management 32,161

RISMedia 2020 Power Broker Report

LOCAL AND GLOBAL We're more successful than any national franchise brokerage (listed in the chart below). Ten of the Top 25 real estate companies in the U.S. are in our Leading Real Estate Companies of the World network.

This means people from around the nation and globe will have eyes on your listing.

250

200

Real Estate One + Leading Real Estate Companies of the World Keller Williams Coldwell Banker Berkshire Hathaway HomeServices

150

Compass RE/MAX

100

Sotheby’s Interna�onal Realty eXp Realty

50

VOLUME SHOWN IN BILLIONS

REAL Trends 2019 Top 500 for 2019 Production

UNIQUE VIEWS Our large internet presence makes the difference in the time it takes to sell and the amount you net. Any sales associate can search the MLS and show the same homes, but our extensive online network will ensure your home has maximum marketing exposure.

ÂŽ

KNOWLEDGE IS POWER I’ll grant you access to unlimited knowledge about the current market trends and forecasts.

These visual reports are easy to digest and the data is local, so you’ll have everything you need to understand selling in your market area.

Monthly Housing Report

Market Minute Video*

Market Summaries*

Quarterly County Market Reports

*City data

A BEST & BRIGHTEST TOP WORKPLACE As you begin the selling process, you’ll see all of the pieces and people that play a role in the success of your transaction. Our culture is built to keep employees and agents engaged and motivated. We believe the happier our family members are at work, the better service they will provide you.

We are honored to once again be recognized as one of Michigan’s Top Workplaces and Best and Brightest Companies to Work For.

COMMUNITY IS OUR FOUNDATION Our agents and employees are our biggest contributors to our Charitable Foundation, giving back to the communities where we work and live.

Supporting our Communities Alpha House IHN ALS of Michigan American Cancer Society American Heart Association Angela Hospice Animal Welfare of Benzie County Arts for All Autism Speaks Avalon Housing Big Brothers Big Sisters Northwest Michigan Washtenaw County Boys and Girls Club of America Build It for the Brave Congenital Heart Disease Association Corner Health Crimestoppers Detroit Dog Rescue Down Syndrome Support Team Fair Housing Center FIA Clothing Center Fish & Loaves Food Gatherers Friends Cancer Support Group Friendship Circle Gilbert Residence Gleaners Habitat for Humanity of Huron Valley Highfields, Inc. Hope for Warriors

Housing Bureau for Seniors (U of M) JDRF Jewish Family Service (Herb Amser Center) Judson Center Make-A-Wish Foundation of Michigan Men’s Health Movember Michigan Humane Society Michigan Parkinson’s Foundation Muscular Dystrophy Association Neighborhood House of Rochester Ozone House Peace Neighborhood Center Penrickton Center for Blind Children Pulmonary Hypertension Association Red Cross of Washtenaw County Rainbow Connection RunLoveDetroit Salvation Army Saline Area Social Services (SOS) Shelter Association of Washtenaw County Special Dreams Farms Susan G. Komen Foundation TAILS Traverse City Health Clinic U of M Trauma Burn Center United Way of Washtenaw Volunteers of America Washtenaw Housing Alliance Women’s Center of Southeastern Michigan Ypsilanti Meals on Wheels

Over $5,400,000 total charitable contributions since 2004

CORE VALUES ON DISPLAY DAILY Our core values represent what is most important to us. These beliefs are practiced every day, whether we are interacting with one another or our clients.

EXCELLENCE

CARING

INTEGRITY TEAMWORK

EMPOWERMENT

Our Mission is to create the BEST real estate experience through our family of services.

MARKETING YOUR HOME TOP BROKER WEBSITE IN MICHIGAN Each listed property gets its own website with the option of up to 50 photos, home floor plans and 360 virtual walkthroughs. Our open houses are promoted on our site as well as a variety of others.

SCHEDULE AN APPOINTMENT Buyers can set their appointments, view pictures, and see a description of your home online, 24 hours a day.

BUYER MIGRATION TREND ANALYSIS The Buyer Trend Migration report generates trends of past transactions in your area in order to see where the buyers are most likely to come from. This helps to focus the marketing of your house to those most likely to buy your home, which leads to a quicker sale. This report is exclusive to the Real Estate One Family of Companies, so it's a unique and specialized marketing approach that will help in finding the buyer for your home before anyone else does.

ADVERTISING Our digital and print advertising reaches buyers across a variety of demographic groups that can be targeted by location.

MARKET RESEARCH We have extensive knowledge of the real estate market and current market conditions.

We integrate data from our internal databases and the Multiple Listing Service (MLS) to provide you a customized market analysis.

NEW LISTING ALERTS This program recognizes buyers who have inquired about homes like yours and automatically sends them information alerts about your home. Plus, buyers can receive your property details at any time with any device (smartphone, tablet, computer, etc.).

TECHNOLOGY It's a tech driven world and we have made our online presence as prevalent and accessible as possible. From Facebook to agent sites with several MLS search engines built in, we cover all technical outlets. You can even find your sales associate and available properties on the market with our "Michigan Real Estate Search" mobile app.

App

YouTube

Facebook

Website

CONNECT WITH ME 24/7 You have instant access to my services at all times. Use my Michigan Real Estate Search app to scope out the sold pricing of surrounding properties in your area.

This helps you see what the houses are going for versus what they're asking for.

You can also use the app to shop for the home you'll be moving into after the sale of your current house. Use the link below to download the free app.

http://www.sampledownloadlink.com/preferredagent

HOW WE ATTRACT MORE BUYERS Our extensive network provides the most marketing exposure for your home, making the difference in the time it takes to sell and the amount you net from the transaction.

US Na onal web exposure State’s most viewed broker website

Mul ple Lis ng Service

Largest home marke ng budget

Largest corporate transfer department Company-wide open houses Demographic marke ng

Innova ve buyer financing Social networking

Office network promo on Largest past customer base Recognizable lawn signs Direct mail promo on Mobile app Market research YouTube channels

THEM Mul ple Lis ng Service

Website

Signs Adver sing

KNOW YOUR BUYER 85% of buyers find their new house via the internet, real estate agents or signage. We have those top three channels covered. Our website gets 2.28 million unique visits per year and we circulate your listing throughout our large, yet localized agent network. We're the leading brokerage in Michigan, so our signs are the most recognized and trusted in our state.

As for the other 15% of buyers? We'll customize a listing strategy that can optimize the remaining four channels for you, too.

REAL ESTATE AGENT INTERNET FOR SALE SIGN FRIEND BUILDER KNEW SELLER PRINT AD

2019 NAR Profile of Home Buyers and Sellers Exhibit 3-9

EVERY SERVICE UNDER ONE ROOF 95%

What’s your next move after selling? If it’s to purchase a new house, our HomeSuite services line you up for a smooth, convenient homebuying experience. Your purchasing transaction is handled by one team, so we can communicate easily, prevent mistakes and improve overall costs.

We have a variety of programs and promotions designed to support your finances and home goals.

With one quick conversation, you'll get the best deal on insurance because we quote from seven different carriers.

Eliminate any worries about your ownership rights to your new property with title insurance.

We'll improve the bottom line on your investment properties and vacation homes by keeping them occupied, efficient and accounted for.

of buyers would consider using a one-stop shop model like HomeSuite.

93%

of our clients and agents would recommend our mortgage services to their family and friends.

92%

of agents and lenders would recommend our title services to their friends and business colleagues.

Source: 95%: The 2019 National Association of Realtors/The Harris Poll to One-Stop Shop consumer survey. 93% & 92%: Net Promoter Scores from our Listen360 results.

@theHomeSuite | theHomeSuite.com

TOP SERVICE PROVIDER We are 8th in the country for providing in-house real estate services with the combined sales of our HomeSuite team, our one-stop shop of services including John Adams Mortgage Company, Insurance One Agency and Capital Title Insurance Agency.

Rank Company

State

Transac ons

1

HomeServices of America

MN

248,837

2

Realogy

NJ

234,768

3

Howard Hanna

PA

67,213

4

First Team Real Estate

CA

18,090

5

Crye-Leike

TN

16,950

6

Coldwell Banker Seacoast/Advantage

NC

11,598

7

Shorewest Realtors

WI

10,951

8

Real Estate One Family of Companies

MIMI

10,736

John Adams Mortgage Company Insurance One Agency Capital Title Insurance Agency

2020 REAL Trends 500

Staunton Financial, Inc. DBA: John Adams Mortgage, Company NMLS #140012, 25800 Northwestern Highway, Ste. 110, Southfield, MI 48075

n n

ZESTI-MISS Spencer Rascoff, a co-founder and the former CEO of Zillow Group listed his Brentwood Park, Los Angeles home for $24 million, which is nearly $8 million more than the Zestimate, Zillow’s automated valuation model says the home is worth.

The Zestimate for Rascoff’s home is listed at $16.1 million for the property, but it does acknowledge an estimated sales range between $13.23 million and $21.62 million. And to be fair, Zillow’s own model acknowledges, “The list price and Zestimate for this home are very different, so we might be missing something.”

Zillow has invested heavily in improving the Zestimate, launching a two-year, $1 million contest to improve the tool. Over the summer, the company announced the tool can now use photos when valuing homes, bringing the error rate below 2 percent, meaning half of all Zestimates fall within 2 percent of the home’s eventual sale price.

Still, the tool has drawn ire from some real estate agents, who feel it often puts them in the unfair position of defending their own comparative market analysis versus a tool that hasn’t actually been inside the home.

It’s also been at the center of an anti-trust lawsuit against Zillow.

It’s also not the first time the Zestimate has failed to capture the value of Rascoff’s home. In 2016, Rascoff sold his Seattlearea home for $1.05 million, which was 40 percent less than the Zestimate said the home was worth. This time, it’s flipped, with the Zestimate valuing the home far lower than Rascoff, who is represented in the listing by Josh and Matthew Altman with Douglas Elliman.

- Excerpts taken from 'Former Zillow CEO lists home for nearly $8M above Zestimate' Inman.com, April 2020

SETTING THE PRICE Studies show that as percentages rise above Market Value, buyer interest plummets.

It's important to remember that price is dictated by the housing market, not your profit desire. Realistic pricing will achieve maximum price in a reasonable time.

20%

RIC

+10%

60%

ER S

AS KIN

UY

GP

40%

FB

+15%

%O

E

+20%

80%

+5% Market Value

100%

Compare the percentage of buyers (on right) with the market value of the house (on le ).

THE PRICE IS RIGHT

ACTIVITY

Your property gets the most attention when it first comes on the market. Be sure the asking price is attractive when both interest level and activity are at their highest.

0

1

2

3

4

5

6

7

MONTHS ON MARKET

8

9

SETTING THE FEE The brokerage fee is divided into two parts – the listing fee and the selling fee. As evidenced by the chart below, hiring the right sales associate is crucial to marketing your home.

LISTING COMPENSATION 3-4% Provide a market analysis Define the most likely target buyers

SELLING COMPENSATION 3-5% Help the buyer define their home requirements

Create a marketing plan for your home

Provide home and area information to the buyer

Internet marketing distribution

Introduce the buyer to your home

Promote the home to the brokerage community

Negotiate on behalf of the buyer

Target local and metro media promotion

Facilitate the buyer’s financing needs

Follow up with all property inquiries

Manage the closing process and post closing needs

Review activity results and adjust marketing plan

Remain a trusted advisor

Negotiate any offers on your behalf Manage the closing process and post closing needs Remain a trusted advisor

PREPARING YOUR HOME exterior

interior

The condition of your home’s exterior is most important when it comes to buyer appeal.

Warm, welcoming interiors will help buyers envision themselves living in a home.

Easy to read house number Lights on timers (to ensure house is lit up after sunset)

Chipped plaster and paint touched up and repaired Leaky taps and toilets repaired

Eaves, troughs and downspouts in good repair

Burned out light bulbs replaced

Garage/carport clean and tidy

Squeaky doors oiled

Litter picked up

Mirrors, fixtures and taps cleaned and polished

Cracked or broken window panes replaced

Seals around tubs and basins in good repair

Doorbell and door hardware in good repair

Closets and cupboards neat and tidy

Fresh trim paint on doors, window frames, fascia, etc

Torn screens repaired or replaced

Lawn mowed, edged and weeded frequently Overgrown shrubbery cut back (to show as much of the exterior as possible) Seasonal flowers or ground cover planted (this is an inexpensive way to add a personal touch) Stucco water stains repaired (can be done using a mild bleaching agent) Roof inspected for necessary repairs and any visible broken shingles or tiles replaced Fences mended and painted

Repaint the house with white or light pastels to help the interiors look larger Countertops neat and polished Appliances cleaned

SHOWING YOUR HOME Agents from many real estate firms will want to show your home so it's important to make your home as accessible as possible. It is suggested to allow a lock box to be installed on your door so agents can show your home in the event you're away. In doing so, your house will become more available, leading to more buyers viewing your home.

Draperies and window shades open (during daylight hours)

Floors cleaned

Lights turned on and bulbs replaced with high wattage bulbs where needed

Closets and cupboards neat and tidy

Windows opened at least 30 minutes before showing (to circulate fresh air) Doors between rooms open (to give an inviting feeling) Fresh flowers placed on kitchen table and/or in the living room Bathroom towels folded and toilet lid down Items not included in the sale replaced or tagged with “to be replaced with...” or “not included” signs

Garbage containers emptied

Valuable property out of reach, out of sight, or locked away Pets absent or contained (during showings) Beds made and clothes picked up Fireplace lit (in cooler weather) Air conditioner turned on (in warm weather) Appliances cleaned

SUBJECT PROPERTY PROFILE 2050 ENTERPRISE DRIVE, TROY, MI, 48083

The following features have been identified to aid in the search for properties that are comparable to yours. This will help in determining proper pricing for your home.

SqFt: 2,039

Taxes: $4,163

Lower SqFt: 1,052

Assoc. Fee: N/A

Bedrooms: 4

Lot Size: 62x130

Bathrooms: 2.1 Year Built: 2000

Siding: Brick, Vinyl Garage: 2 car, Attached, Direct Access, Door Opener

Water Access: N/A

Basement: Unfinished

Acreage: 0.19

Water: Municipal Water

Fireplace: N/A

School Dist: Troy T

Sewer: Sewer-Sanitary

Style: Colonial

Cooling: Ceiling Fans 2+, Central Air

Heating: Gas, Forced Air

Newer West Troy, 4 bedroom Colonial in the popular subdivision of Pennington Estates. Open floor plan, bright and airy. Very clean and well-maintained. Some updates include: new flooring on 1st floor (2016), new dishwasher (2014), new humidifying (2015), newly painted deck (2013), and new pool vaccuum (2015). Big back yard with tree line adds additional privacy. Huge deck with a sparkling pool, great for entertaining, plus the tree line makes the back yard even more private. All appliances and the pool equipment stay. Award winning Troy schools.

COMPARABLE PROPERTIES Active: 4367 Bennett Park Circle, Troy, 48085 List: $379,900 Sale:

Sold Date: N/A Days on Market: 6

Price/SqFt: $202 MLS#: 216089370

SqFt: 1,877

Assoc. Fee: $155/Month

Siding: Brick

Lower SqFt: 600

Lot Size: N/A

Bedrooms: 3 Bathrooms: 2.1

Garage: No Water Access: N/A

Year Built: 2013

Basement: Finished

Style: Colonial

Water: Municipal Water

Acreage: N/A

Sewer: Sewer-Sanitary

School Dist: Troy

Cooling: Central Air

Taxes: $4,255

Fireplace: Gas Heating: Gas, Forced Air

EXCEPTIONAL TROY CONDO, BUILT 2013, FIRST FLOOR MASTER WITH VAULTED CEILING , HARDWOODS FLOORS THRU OUT, SKY LIGHTS IN THE GREAT ROOM AND FIRE PLACE, KITCHEN WITH GRANITE TOPS AND BACK SPLASH, F.F LAUNDRY, TWO UPPER BEDROOMS WITH CATHEAD AND TRY CEILINGS, LARGE LOFT AREA AND BONUS ROOM, FINISHED BASEMENT WITH BEDROOM AND FULL BATH.

Agent Notes:

MAP

COMPARABLE PROPERTIES

6 15

12

2

3

13 11

10

5

9 4 16

14

1

8

7

Map Key Status

Address

1

Sold

123456 VeryLong StreetName Blvd

2

Sold

1911 Austin

3

Withdrawn

8785 Warren Road

4

Withdrawn

3305 Windshadow

5

Withdrawn

8306 Freedom St

6

Subject

1911 Austin

7

Property

8785 Warren Road

8

Active

3305 Windshadow

9

Active

8306 Freedom St

10

Active

1911 Austin

11

Sold

8785 Warren Road

12

Sold

3305 Windshadow

13

Sold

8306 Freedom St

14

Pending

1911 Austin

15

Pending

8785 Warren Road

16

Active

1911 Austin

17

Sold

8785 Warren Road

18

Sold

3305 Windshadow

19

Pending

8306 Freedom St

20

Sold

1911 Austin

SUMMARY COMPARATIVE MARKET ANALYSIS

ACTIVE PROPERTIES Address

Beds Baths SqFt

Price

Price/SqFt DOM* School District

4367 Bennett Circle Park Circle

3

2.1

1,877

$379,900

$202

6

Troy

910 Troywood Drive

4

2.1

2,217

$382,300

$172

328

Troy

AVERAGE OF X PROPERTIES Avg.

Min.

Max

Median

Avg. Price/SqFt

Avg. DOM*

$381,100

$379,900

$382,300

$381,100

$187

167

*DOM - Days on Market

SUMMARY COMPARATIVE MARKET ANALYSIS

PENDING PROPERTIES Address

Beds Baths SqFt

Price

Price/SqFt DOM* DOM School District

123456 VeryLong StreetName Boulevard 2

2

23,000

$00,000,000

$0000

0000

WestBloomfieldWestBloomfield

123 Boulevard

2

23,000

$00,000,000

$0000

0000

WestBloomfieldWestBloomfield

2

AVERAGE OF X PROPERTIES Avg.

Min.

Max

Median

Avg. Price/SqFt

Avg. DOM DOM*

$123.456

$123,455

$123,457

$123.456

$100

XX

*DOM - Days on Market

SUMMARY COMPARATIVE MARKET ANALYSIS

WITHDRAWN PROPERTIES Address

Beds Baths SqFt

Price

Price/SqFt DOM* DOM School District

123456 VeryLong StreetName Boulevard 2

2

23,000

$00,000,000

$0000

0000

WestBloomfieldWestBloomfield

123 Boulevard

2

23,000

$00,000,000

$0000

0000

WestBloomfieldWestBloomfield

2

AVERAGE OF X PROPERTIES Avg.

Min.

Max

Median

Avg. Price/SqFt

Avg. DOM DOM*

$123.456

$123,455

$123,457

$123.456

$100

XX

*DOM - Days on Market

SUMMARY COMPARATIVE MARKET ANALYSIS

SOLD PROPERTIES Address

Beds Baths SqFt

Price

Price/SqFt DOM* DOM School District

3061 Troy Drive

4

2.1

2,126

$321,000

$151

2

Troy

2103 Enterprise

4

2.1

2,400

$303,551

$126

7

Troy

1257 Hartwig

4

3.1

2,346

$330,000

$141

50

Troy

1120 Chopin Street

3

2.1

2,202

$336,225

$153

242

Troy

2090 Rochester Road

4

2.1

2,351

$340,604

$145

24

Troy

1387 Hartland Drive

4

2.1

2,531

$368,000

$145

34

Troy

982 Trinway Drive

4

2.1

2,659

$370,000

$139

7

Troy

3264 Ellenboro

5

3.1

2,636

$370,000

$140

143

Troy

895 Vanderpool Drive

4

2.1

2,346

$375,000

$160

5

Troy

2120 Beech Lane

4

3.1

2,556

$385,000

$151

13

Troy

51 Regents Avenue N

4

2.1

2,650

$399,900

$151

189

Troy

AVERAGE OF X PROPERTIES Avg. Avg.

Min.

Max

Median

Avg. Price/SqFt

Avg. DOM

$354,483

$303,551

$399,900

$368,000

$146

65

*DOM - Days on Market

SUMMARY COMPARATIVE MARKET ANALYSIS

ACTIVE PROPERTIES List Price

Sale Price

Adj. Price

DOM*

Beds

Baths

SqFt

Acres

Adj. Price/SqFt

Minimum

$309,900

$309,900

9

4

3

2,217

0.19

$140

Maximum

$383,300

$382,300

95

4

3

2,219

0.25

$172

Average

$346,100

$346,100

182

4

3

2,218

0.22

$156

Baths

SqFt

Acres

Adj. Price/SqFt

PENDING PROPERTIES List Price

Sale Price

Adj. Price

DOM*

Beds

Minimum Maximum Average

SOLD PROPERTIES List Price

Sale Price Sale

Adj. Price

DOM*

Beds

Baths

SqFt

Acres

Adj. Price/SqFt Price/SqFt

Minimum

$299,900

$303,551

$303,551

2

4

3.0

2,126

0.11

$126

Maximum

$399,900

$399,900

$399,900

242

5

4.0

2,659

0.45

$160

Average

$356,636

$354,483

$354,483

65

4

3.4

2,436

0.25

$146

ALL PROPERTIES List Price List

Sale Price Sale

Adj. Price

DOM*

Beds

Baths

SqFt

Acres

Adj. Price/SqFt Price/SqFt Adj.

Minimum

$299,900

$303,551

$303,551

2

4

3

2,126

0.11

$126

Maximum

$399,900

$399,900

$399,900

69

5

4

2,659

0.45

$172

Average

$355,015

$354,483

$353,193

242

4

3.4

2,403

0.24

$147

*DOM - Days on Market

ADJUSTED PRICE COMPARISON

Address: City: Status:

SUBJECT PROPERTY

COMPARABLE PROPERTY

2050 Enterprise

123456 VeryLong StreetName Boulevard

Troy

VeryLong City Name Township

Active

Active

List Price:

$100,000

$100,000

Sold Price:

$100,000

$100,000

List Date:

1/1/2016

1/1/2016

15

15

1/1/2016

1/1/2016

2,000

2,000

Beds:

3

3

Baths:

2

2

Tudor

Tudor

1

1

2 Car Attached

2 Car Attached

Three, wood-burning

Three, wood-burning

Heating:

Gas

Gas

Cooling:

Central Air, 2+ Ceiling fans, attic fan

Central Air, 2+ Ceiling fans, attic fan

Adjustment 1

+$5000

+$5000

Adjustment 2

+$5000

+$5000

Adjustment 3

+$5000

+$5000

Adjustment 4

+$5000

+$5000

Adjustment 5

+$5000

+$5000

Adjustment 6

+$5000

+$5000

XX

XX

$100,100

$100,100

2%

2%

Days On Market: Sold Date: Square Footage:

Style: Acreage: Garage: Fireplace:

Adjustments:

Total Adjustments: Adjusted Price: % Change:

PRICING YOUR PROPERty GENERAL FACTS ABOUT PRICING

There are certain factors that are within our control and others beyond our control when it comes to setting the price, such as location, size of the property, or local amenities. With that in mind, it's important to focus on competitive pricing and preparation — how aggressively we market to buyers and the appearance of the property, both inside and out.

A property priced at market value will attract more buyers than a home priced above market value. Competitively priced properties attract a greater number of potential buyers and increase your opportunity for multiple offers and a quick sale.

MARKET STATISTICS SELL PRICE STATISTICS

SELL PRICE PER SQFT STATISTICS

Average Price:

$354,483

Average Price/SqFt:

$146

High Price:

$399,900

High Price/SqFt:

$160

Median Price:

$368,000

Median Price/SqFt:

$145

Low Price:

$303,551

Low Price/SqFt:

$126

List Price/Sale Price Ratio:

99.45%

Figures are based on selling price after adjustments, and rounded to the nearest $1.

SUMMARY Analysis of the selected comparable properties suggest similar properties are selling in the price range of: $339,065 to $367,320

RECOMMENDED PRICE: $329,000

COMPARABLE PROPERTIES Active: 4367 Bennett Park Circle, Troy, 48085 List: $00,000,000 Sale: $00,000,000

Sold Date: 00/00/0000 Days on Market: xxxx

Price/SqFt: $123 MLS#: 000000000

SqFt: 2,400

Taxes: $6,756

Siding: Brick, Vinyl

Lower SqFt: 1,163

Assoc. Fee: N/A

Bedrooms: 4

Lot Size: 60x150

Garage: 2 Car, Attached,

Water Access: N/A

Basement: Unfinished

Bathrooms: 2.1 Year Built: 2004

Door Opener, Electricity

Style: Colonial

Water: Municipal Water,

Acreage: 0.21

Water: Water at Street

School Dist: Troy

Sewer: Sewer-Sanitary Cooling: Ceiling Fan,

Fireplace: Gas Heating: Gas, Forced Air

Central Air CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL CAPS ALL Agent Notes: Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes