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:
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.
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.
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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