Comparative Market Analysis
When selling your home on your own one of the most important things to do is also one of the most difficult - setting your price correctly. Your initial time on the market is when you should have the most buyers looking. If you plan to start high and adjust downwards you will often end up with less in the end.
In today's market, houses prices can change from one month to the next; the most reliable data is the most recent. As a REALTOR®, I have access to a database of information with historical and recent sale prices. The Comparative Market Analysis relies on the ability to search and analyze this data in order to find the selling price of properties similar to yours that have recently sold.
The market value of a home is the selling price not the asking price, this should be taken into account when you are looking at other homes for sale in your area. The more comparables, the better. If there are no recently sold comparables in your area then adjustments can be made based on numerous factors (age of the home, square footage, bedrooms/bathrooms, special features and upgrades, lot size, location, etc).
A properly priced home has the best chance of selling. My goal is to help you set a price that will generate buyer interest and ensure that you get the best price for your home.
