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    Austin, TX 78732

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Austin Board of Realtors

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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Setting Your Property’s Asking Price

Fair Market Value Assessment

Setting the right price for your property from the outset is crucial for ensuring maximum market exposure as well as influencing how long it will take to sell your home.

Comparative Market Analysis

The most accurate method of determining a property's potential selling price is to conduct an unbiased assessment of market activity. Fair Market Value (FMV) is determined by Comparative Market Analysis (CMA), which also takes into account comparable properties that:

Have sold in the recent past or are under contract:
This reveals the asking price of properties that have successfully gone under contract or what buyers in this market have actually paid for houses that are comparable to yours. This enables us to estimate the amount of financing that lending institutions are willing to offer for your property.
Are currently on the market:
These are the properties vying for the interest of potential buyers against yours. - We know precisely what choices a buyer will have to buying your house. We're confident we are not overcharging or undercharging for your property.
Factors that have little or no influence on a home’s market value:
The sum the seller originally spent for the house. Net projected proceeds to seller. The sum of money spent on upgrades.

We Apply the Following Standards to Comparable Property Evaluation:

  • Properties active, under contract, or sold within 6 months.
  • Properties in the same or similar neighborhoods.
  • Properties +/-­10% of your square footage.
  • Properties with like attributes: # of stories, # of garage spaces, with or without a pool,
  • Properties in similar condition.
  • Remove Foreclosures & Short Sales.

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