Comparative Market Analysis
As part of the Property Selling System, our Comparative Market Analysis will also help establish a realistic price range for your property, but you determine the actual listing price.
To get the best price possible for your property, some of the things we need to know include:
- What you feel a buyer will pay for your property
- How soon you need the property to sell
- How you want to position your property by the asking price
Market Analysis Explanation
The correct selling price of a home is the highest price that the current market will bear. To assist you in determining the correct asking price, we have provided 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 has been specifically prepared for you over the last few days. 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 a serious buyer has to choose from. We can be certain that we are not under pricing or overpricing the property.
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 property.
While we naturally want top market value for your property, we can agree that there’s a point where the price would be too high. By looking at homes that didn’t sell, we can accurately determine that price point and be careful not to get too close to it. Doing our homework diligently helps us get the maximum dollars in a reasonably short period of time.